# Glencore’s Agua Rica receives RIGI approval

> Argentina said the Agua Rica copper project in Catamarca was approved for the country’s large-investment incentive regime.

- **Source date:** 2026-10-02
- **Original source:** [Argentina.gob.ar / Presidency of Argentina](https://www.argentina.gob.ar/noticias/milei-y-glencore-anunciaron-en-paris-el-desarrollo-del-proyecto-agua-rica)
- **Reading time:** 1 min
- **Language:** en
- **URL:** https://voltformer.com/news/glencore-agua-rica-rigi-approval-oct-2026
- **Markdown:** https://voltformer.com/news/glencore-agua-rica-rigi-approval-oct-2026.md

## Project agreement announced

The Presidency reported on 2 October that President Javier Milei and Glencore CEO Gary Nagle announced an agreement on Agua Rica during a Paris visit. The evaluation committee approved the project’s admission to RIGI.

[Argentina.gob.ar / Presidency of Argentina](https://www.argentina.gob.ar/noticias/milei-y-glencore-anunciaron-en-paris-el-desarrollo-del-proyecto-agua-rica)

## Investment and schedule

The government release cites Glencore’s estimated capital investment of US\$4 billion. Construction is planned to begin in November 2027, so the announcement concerns a proposed development rather than an operating mine.

[Argentina.gob.ar / Presidency of Argentina](https://www.argentina.gob.ar/noticias/milei-y-glencore-anunciaron-en-paris-el-desarrollo-del-proyecto-agua-rica)

## Other languages

- [en](https://voltformer.com/news/glencore-agua-rica-rigi-approval-oct-2026)
- [tr](https://voltformer.com/tr/news/glencore-agua-rica-rigi-approval-oct-2026)
- [de](https://voltformer.com/de/news/glencore-agua-rica-rigi-approval-oct-2026)
- [ru](https://voltformer.com/ru/news/glencore-agua-rica-rigi-approval-oct-2026)
- [es](https://voltformer.com/es/news/glencore-agua-rica-rigi-approval-oct-2026)
- [ar](https://voltformer.com/ar/news/glencore-agua-rica-rigi-approval-oct-2026)
- [it](https://voltformer.com/it/news/glencore-agua-rica-rigi-approval-oct-2026)
- [pt](https://voltformer.com/pt/news/glencore-agua-rica-rigi-approval-oct-2026)

[Company and energy news](https://voltformer.com/news.md) · [Voltformer catalog](https://voltformer.com/catalog)