President Javier Milei is planning to modify regulations that protect Andean glaciers in order to unlock tens of billions of dollars of mining investments, according to a person familiar with the matter.
The libertarian leader has already given miners trying to unearth copper and lithium riches the option to bulletproof their investments under the so-called ‘RIGI’ package of tax, customs and exchange benefits. But several projects, including Glencore Plc’s US$9.5 billion El Pachón, are still struggling to get off the ground, partly because of a federal law that protects glacial formations.
Now Milei plans to send changes that would essentially dilute those protections to Congress for approval, said the person, who couldn’t be named discussing behind
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