Mining Boom in Argentina: The Opportunity Transforming Regions, Logistics, and Investments

In 2025, Argentina is experiencing a pivotal moment for the mining industry. Driven by a new, more competitive legal framework —including the recent elimination of export duties on minerals, iron, and metals—, the country has recorded record investments in lithium, copper, gold, and silver projects. This dynamic is not only transforming productive regions but also redefining the risk matrix for the companies involved. 

From Hanseatica, we observe a profound shift in the profile of those currently leading this expansion: new investors, international funds, construction contractors, logistics operators, and specialized technology firms, all sharing a common need: comprehensive insurance support to operate confidently in an environment that is as promising as it is challenging. 

In the first quarter of the year, mining exports exceeded US$1.315 billion, the highest value in 13 years. The leading provinces were: 

• San Juan: US$472 million 
• Santa Cruz: US$441 million 
• Jujuy: US$200 million 
• Salta: US$93 million 
• Catamarca: US$79 million 

These figures are complemented by strategic investments from major international groups: 

• Ganfeng Lithium, a Chinese-based company, inaugurated a lithium chloride production plant in Salta in February 2025 with a total investment of US$980 million, which includes US$790 million for the project and US$190 million for the associated solar park. To date, the company has invested US$3 billion in Argentina. 
• Livent, operator of the Fénix Project in Catamarca, has already disbursed “hundreds of millions of dollars” and plans to invest US$1.1 billion to expand its production by the end of 2025. 
• The PSJ Cobre Mendocino Project in Mendoza, supported by Zonda Metals and Grupo Alberdi, plans to extract 40,000 tons of copper annually, with an estimated investment of US$560 million, and could commence operations by 2028. 
• Under the incentivized RIGI (Regime for Incentive for Large Investments), an investment of US$217 million was recently approved for the Galan Lithium project in Catamarca. In total, projects approved under RIGI commit US$12.8 billion to date. 
• Furthermore, the Vicuna copper projects —led by BHP and Lundin in San Juan— are being considered for RIGI benefits. 

New mining stakeholders require more than just asset protection. They also need to ensure contractual compliance, logistical efficiency, and operational continuity. Therefore, at Hanseatica, we design insurance solutions that address the specific challenges of the sector: 

• Cargo Insurance:  Door-to-door coverage, focusing on Andean routes, extreme climatic risks, and multimodal transport. Includes Stock Throughput and General Average protection. 
• Engineering Insurance:  Protects key machinery in demanding conditions: drilling rigs, plants, generators, electrical systems.
• Surety Bonds and Customs Bonds: Contractual, customs, environmental, and financial guarantees, crucial for tenders and contracts under the RIGI Regime. 
• Logistics Operators' Liability:  Covers errors, omissions, third-party damages, and operational failures in the handling and transport of goods. 

Mining is one of the country's most dynamic and demanding sectors. Therefore, brokers and insurance advisors (PAS) have a unique opportunity to differentiate themselves by positioning as key consultants in the protection of large-scale operations. 

At Hanseatica, we collaborate closely with each intermediary to provide: 

• Comprehensive coverage for investor groups, logistics operators, and contractors. 
• Technical agility in issuing policies, guarantees, and combined insurance solutions. 
• Specialized support for international projects, within the framework of RIGI and other regulations. 

We offer brokers and PAS access to technical underwriters, legal advice, training, commercial materials, and a permanent support platform. Because at Hanseatica, we don't just insure risks; we strengthen trusted relationships. 

Argentine mining is no longer a promise; it is an expanding reality. And if logistics is its circulatory system, insurance is its safety net against unforeseen events that can halt major operations. 

At Hanseatica, we are ready to support every stage with technical expertise, customized coverage, and a long-term vision. 

👉 Are you looking to add these solutions to your portfolio or provide advisory services to the mining sector?Schedule a meeting with our people today.

www.hanseatica.com |  comunicaciones@hanseatica.com