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Lundin Mining: Vicuña Applies for RIGI PEELP in Argentina
VANCOUVER, BC, Dec. 11, 2025 /CNW/ - Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) ("Lundin Mining" or the "Company") is pleased to announce
About this update from Lundin Mining Corporation
[{"type":"text","content":" VANCOUVER, BC, Dec. 11, 2025 /CNW/ - Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) (\"Lundin Mining\" or the \"Company\") is pleased to announce that Vicuña Corp. (\"Vicuña\") has submitted an application for the inclusion of the Josemaria and Filo del Sol deposits (collectively, the \"Vicuña Project\") to the Incentive Regime for Large Investments (\"RIGI\") under the Long-Term Strategic Export Projects designation (\"PEELP\") in Argentina. Argentina's RIGI regime is designed to attract and accelerate large-scale investment through long-term fiscal stability and transparent regulatory conditions. The submission represents a key milestone to advance a multi-decade, district-scale copper-gold-silver development project in Argentina, making it one of the largest potential foreign investment projects into the country across all sectors. Vicuña Project details and economic benefits will be outlined in an integrated technical report expected to be completed in the first quarter of 2026. Jack Lundin, President and CEO, commented \"Submitting the Vicuña RIGI PEELP application is an important step in positioning the project for long-term success. The RIGI framework offers a stable investment environment that aligns well with the scale, capital intensity, and multi-decade potential of the Vicuña Project. The combination of RIGI benefits, provincial support, and the quality of the Vicuña Project resource base lays the foundation for transformative value creation. Together with our valued partner BHP we look forward to continuing to build on the solid relationship with the Argentinian and San Juan governments.\" About the RIGI Regime RIGI offers a competitive investment framework and an array of benefits that significantly enhance project economics for rapid development. RIGI offers regulatory stability, including lower corporate and dividend withholding tax rates, removal of export duties, value added tax offsets and repatriation of revenues. The Vicuña Project is the first mining project to apply for the RIGI PEELP, which is designed to support large scale, long-term investments into Argentina. RIGI PEELP provides longer benefit periods (40 years vs 30 years) and accelerated timelines to repatriate revenues and export duty exemptions, as compared to the regular RIGI regime. About Vicuña Lundin Mining indirectl...