Finance

Argentina approves $2.5 billion Rio Tinto lithium mining project

Published by Global Banking & Finance Review

Posted on May 20, 2025

1 min read

· Last updated: January 23, 2026

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Argentina approves $2.5 billion Rio Tinto lithium mining project
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BUENOS AIRES (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto, marking the first mining project under a new investment

Argentina Greenlights $2.5 Billion Lithium Project by Rio Tinto

BUENOS AIRES (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto, marking the first mining project under a new investment incentive regime.

The approval of Rio Tinto's Rincon project under the RIGI incentive scheme was announced by the country's mining and energy coordination secretary Daniel Gonzalez at a conference in the capital Buenos Aires.

(Reporting by Lucila Sigal; Editing by Brendan O'Boyle)

Key Takeaways

  • Argentina approved a $2.5 billion lithium project.
  • The project is by Anglo-Australian company Rio Tinto.
  • First mining project under new investment regime.
  • Announced by mining secretary Daniel Gonzalez.
  • Located in Buenos Aires, Argentina.

Frequently Asked Questions

What was approved by Argentina's government?
Argentina's government approved a $2.5 billion lithium mining project by Rio Tinto.
Who announced the approval of the Rio Tinto project?
The approval was announced by Daniel Gonzalez, the country's mining and energy coordination secretary.
What is the significance of the RIGI incentive scheme?
The approval of Rio Tinto's Rincon project was made under the RIGI incentive scheme, which aims to attract investment in the mining sector.

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