Rob McEwen Seeks $100 Million for Argentina Copper Mine as Milei Boosts Prospects
- Talks underway with existing shareholders and new investors
- Hopes to qualify for proposed big-infrastructure incentives
Photographer: Matthew Staver/Bloomberg
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Canadian entrepreneur Rob McEwen is in talks to raise about $100 million for a copper project in Argentina, at a time when miners are betting that deregulation by the new government of Javier Milei will boost prospects for the industry.
His closely-held firm, McEwen Copper Inc., is speaking with existing holders — which include automaker Stellantis NV and a Rio Tinto Group venture — as well as prospective new investors, he said in an interview. The idea is to secure fresh funds within six months for feasibility and engineering work. Longer-term options include expanded partnering with a major mining company such as Rio Tinto.