The Globe and Mail reports in its Friday, Nov. 29, edition that McEwen Mining's McEwen Copper is seeking $2.5-billion from investors to advance the construction of the Los Azules copper mine in Argentina, according to vice-president Michael Meding (all figures U.S.). A Reuters dispatch to The Globe reports that the company is among several international firms exploring copper extraction in northern Argentina, a region that has remained largely untapped due to strict capital controls and economic volatility. An incentive program under President Javier Milei is encouraging activity, especially from major players like BHP, following the closure of the country's only copper mine in 2018. Los Azules is expected to receive a crucial environmental permit in four to six weeks, with construction plans aimed for late 2025. Mr. Meding says: "We have invested more than $400-million to date. And now we are looking for $2.5-billion for capex." The project, expected to produce about 175,000 tonnes of copper a year, aims to qualify for Mr. Milei's Incentive Regime for Large Investments, or RIGI, in about three months. The scheme offers 30 years of tax credits, lighter customs duties and a progressive easing of capital controls.