Glencore Seeks Incentives for $13 Billion Argentina Copper Mining Projects

Glencore Plc filed applications to have two copper projects with combined capital expenditure estimated at more than $13 billion included into Argentina’s investment incentive program.

The Switzerland-based commodities firm is seeking the tax, customs and currency exchange benefits offered under the government program for El Pachon in San Juan province and Agua Rica in Catamarca, the company said in a statement Monday. The program is known as Rigi, for its Spanish acronym.