This is a huge vein containing copper, gold, and silver — valued at nearly 204 billion euros.
High in the Andes, where snow and wind prevail all year round and the border between Argentina and Chile is more than just a line on a map, geologists have discovered a new deposit that threatens to overturn the strategic metals market.
This is a huge vein containing copper, gold, and silver — valued at nearly 204 billion euros. This story is not about ordinary ore, but about a new era for global mining, technology, and logistics.
The Andes deposit: where it is and what was found
The Vicuña region—between the San Juan province of Argentina and the Atacama region of Chile—has proven to be more than just a geographical feature: it is a key hub for the entire industry. Even the initial measurements revealed significant volumes of copper, gold, and silver. It is no surprise that major players like Lundin Mining and BHP quickly approached the market; their interest is not accidental, as the market is on the verge of a major reshaping.
The entire structure of the deposit is based on two points: Filo del Sol and Josemaria. Digging deeper, Filo del Sol yields approximately 600 million tons of ore, with a content of about 1.14% copper. Josemaria has a lower concentration—about 0.73%—but the volume of ore there exceeds 200 million tons. Based on these indicators, Vicuña is one of the leading deposits of the last thirty years.
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