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Terminal News·Council··1 min read

Glencore secures $4 billion Argentina copper investment approval

The mining company won Argentine incentives for a Catamarca project that could produce 200,000 tons of copper annually.

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Palanor Wire · composed from 3 outlets · every claim links to its sources

What happened

Glencore obtained Argentine approval to incorporate the Minera Agua Rica-Alumbrera project into the RIGI incentive regime. 1 The company announced a $4 billion investment to develop the project in Catamarca. 23 President Javier Milei and Glencore CEO Gary Nagle announced the agreement in Paris. 2 The project plans to produce 200,000 tons of copper annually during its first ten years of operation. 13 The mine could generate exports worth $2,167 million per year. 3 Construction is scheduled to begin in November 2027. 3

Why it matters

RIGI establishes a framework for large investments in Argentina. 1

What to watch

The government confirmed the RIGI approval in France. 2

Sources · 3

  • [1]El Gobierno confirmó en Francia que se aprobó otro RIGI: US$ 4.000 millones para una minera

    Clarín · Economía

  • [2]Glencore anunció una inversión de US$4000 millones para desarrollar Agua Rica en Catamarca

    La Nación (Argentina)

  • [3]Glencore obtiene aprobación del RIGI para proyecto de cobre MARA en Argentina

    Rumbo Minero

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