Argentina has approved a $2.5 billion lithium mining project by Rio Tinto in Salta province\u2014the first to be approved under the country’s new RIGI investment incentive program. The Rincon project marks a major step in Argentina\u2019s push to attract foreign investment and boost its mining sector amid ongoing economic challenges.<\/p>\n\n\n\n
The approval comes after months of delays affecting multiple applications under RIGI. Industry leaders welcomed the news as a breakthrough for the sector. Argentina, part of the world\u2019s \u201cLithium Triangle,\u201d is the fourth-largest global supplier of lithium, a key metal for electric vehicle batteries and renewable technologies.<\/p>\n\n\n\n
Following the Argentina approval, Rio Tinto was named the preferred partner for the Salares Altoandinos lithium project in Chile\u2019s Atacama region. The deal, made with state-owned ENAMI, gives Rio Tinto a proposed 51% stake and deepens its footprint in one of the world\u2019s richest lithium-producing zones.<\/p>\n\n\n\n
The partnership highlights Chile\u2019s critical role in global battery supply chains and aligns with Rio Tinto\u2019s strategy to build a world-class lithium business. It also adds to the company\u2019s growing pipeline across the Lithium Triangle, reinforcing its long-term commitment to energy transition minerals.<\/p>","protected":false},"excerpt":{"rendered":"
Argentina has approved a $2.5 billion lithium mining project by Rio Tinto in Salta province\u2014the first to be approved under the country’s new RIGI investment incentive program. The Rincon project marks a major step in Argentina\u2019s push to attract foreign investment and boost its mining sector amid ongoing economic challenges. The approval comes after months […]<\/p>","protected":false},"author":1,"featured_media":7118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[49,50],"class_list":["post-7117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-argentina","tag-lithium"],"_links":{"self":[{"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/posts\/7117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/comments?post=7117"}],"version-history":[{"count":2,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/posts\/7117\/revisions"}],"predecessor-version":[{"id":7120,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/posts\/7117\/revisions\/7120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/media\/7118"}],"wp:attachment":[{"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/media?parent=7117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/categories?post=7117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosalt.co\/tr\/wp-json\/wp\/v2\/tags?post=7117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}