Is the bottom in?, page-1678

Stoc**head today.The international mining industry has a new pin-up boy – Argentina’s new president Javier Milei.
He is a political firebrand who during the election campaign brandished a chainsaw at his rallies with menace, promising to slash government waste as part of a broader plan to fix Argentina’s long ailing economy.A self-described libertarian – others describe him as an anarcho-capitalist – Milei has been a busy boy, slashing the number of government ministries by half and devaluing the peso by 50%, among other things.He is not a believer in economic gradualism.
And while there is opposition to many of the changes he already has put in place, and those to come, there is no doubt he has stirred things up.And the big miners like what they are seeing. BHP said as much last month when it announced it was spending $A3.2 billion to acquire a half share in two big undeveloped copper deposits high in the Andes on the Argentine border with Chile.Ever polite, BHP said it was confident of “improving investment conditions” in Argentina, without mentioning Milei.
It probably should have, as BHP stands to be a big beneficiary of something known as the Incentive Regime for Large Investments, or RIGI by its Spanish initials.RIGI is designed to bring in foreign investment across industries with a particular focus on big projects ($US200-$US900m). Qualifying projects get goodies like a 25% tax rate instead of 35%, a reduction in dividend and VAT taxes, along with foreign exchange and regulatory stability for 30 years.And given we’re talking about Latin America here, qualifying RIGI assets are also given protection from nationalisation.
"Maybe some experts here could be wiping egg off their face!!!.