Overview

• The company lodged applications for El Pachón in San Juan and Agua Rica/MARA in Catamarca, both wholly owned by Glencore.
• Capital plans specify about $9.5 billion for El Pachón Phase 1 and $4.0 billion for Agua Rica over the next decade.
• Glencore projects more than 10,000 direct construction jobs and over 2,500 direct operational roles if the mines advance.
• Access to RIGI incentives will depend on approval by the program’s authorities, alongside separate feasibility and environmental clearances.
• El Pachón reports roughly 6,000 million tonnes of mineral resources and Agua Rica about 1,200 million tonnes, with processing for the latter planned at the nearby Alumbrera plant.