Overview

• At the Casa Rosada, President Javier Milei met Glencore CEO Gary Nagle and Rio Tinto leaders Jakob Stausholm and Simon Trott alongside senior Argentine officials.
• Glencore recently filed RIGI applications for the El Pachón and Agua Rica copper projects with a combined value of about US$13.5 billion.
• The company forecasts more than 10,000 direct jobs during construction and over 2,500 during operations across the two proposals.
• Rio Tinto’s Rincón lithium project in Salta secured RIGI approval at US$2.7 billion, the first mining project admitted under the regime.
• For Rincón, Rio Tinto outlined US$571 million in first‑year spending, US$885 million in the second year, and a DLE commercial plant targeting 53,000 tonnes per year of lithium carbonate.