It could lead to the creation of the world’s largest mining company, with a combined market value exceeding $200 billion, surpassing even BHP. The merged group would be a world-class player in copper.
It began early operations with 140 MW online. The project involved a $180 million investment and features 400,000 solar panels. The electricity generated will be integrated into the Mercado a Término de Energía Renovable (MATER).
With this signing, the privatization process enters its final phase, enabling the operational transition to private hands and securing revenues of US$706,885,298.49 for the national treasury
It will be allocated to two projects. One is the installation of 150 MW of battery energy storage systems (BESS) at the Nuevo Puerto power plant. The other is the acquisition of Piedra del Águila.
Argentine gas exports to Brazil are already operational, albeit at modest initial volumes, with significant growth projected through 2030. Routes and methods for scaling up are under consideration.
With resources that place it among the world’s 10 largest undeveloped copper deposits — more than 13 million metric tons of measured and indicated copper, 32 million ounces of gold and 659 million ounces of silver — Vicuña represents the largest greenfield copper discovery in the past 30 years.
With Los Azules approved under Argentina’s Large Investment Incentive Regime (RIGI), and El Pachón and Agua Rica–MARA also submitted to that framework, Argentina is positioning itself as a major player on the global mining map.
Genneia expanded its presence in the green bond market and strengthened its access to long-term financing.
The company’s total revenue climbed to US$233.9 million, up 30% from the second quarter and 26% above the third quarter of 2024, with energy sales accounting for 92.1% of the total (US$215.3 million).
The plan aims to cut planet-warming net emissions by 90% by 2040 and ease the burden on industries regarding carbon credits.
The firm is looking to clear the way to unlock its sale, according to information obtained by Shale24. YPF is pushing for the transfer of ownership.
