Casa Rosada was the venue for the meeting between Milei and Glencore executives.

Javier Milei received this Wednesday, August 20, at Casa Rosada Glencore's global CEO, Gary Nagle, as part of the presentation of two large-scale mining projects in Argentina. Gerardo Werthein, Daniel González, Martín Pérez de Solay, Anne Edwards, and Luis Lucero also participated in the meeting.

This was reported by the Government on the social network X, from the @OPRArgentina account: "President Javier Milei received Glencore's CEO, Gary Nagle, at Casa Rosada. Foreign Minister Gerardo Werthein; Secretary of Energy and Mining Coordination, Daniel González; National Mining Secretary, Luis Lucero; Glencore's Corporate Affairs Director, Anne Edwards; and Glencore Argentina's CEO, Martín Pérez de Solay, also participated in the meeting."

The Swiss company submitted two applications to join the Large Investment Incentive Regime (RIGI) for a total amount of USD 13.3 billion, corresponding to the El Pachón project in San Juan and Minera Agua Rica (MARA) in Catamarca. According to Economy Minister Luis Caputo, these initiatives are added to the 20 projects already submitted under the regime, with a total estimated volume of USD 33.6 billion.

El Pachón involves an initial outlay of USD 9.5 billion to be developed over the next decade, whileAgua Rica foresees an investment of USD 4 billion.

In terms of resources, both deposits represent significant capacity: around 6 billion tons in San Juan and 1.2 billion tons in Catamarca. The company estimates that the construction phase could generate more than 10,000 direct jobs, while the operational stage would add 2,500 additional positions.

In the days prior to the August 20 meeting, the company highlighted the impact of the regulatory framework on the decision to move forward with the projects. "President Milei and his administration deserve recognition for implementing RIGI. This framework has transformed the investment landscape in Argentina, acting as a key catalyst for attracting major foreign investment to the country. Today's presentation marks a significant step toward the development of El Pachón and Agua Rica. It also reinforces our long-standing commitment to Argentina, a country where we've been a proud investor for more than two decades," stated Gary Nagle.

Meanwhile, the national government emphasized that strengthening RIGI guarantees predictability and legal certainty for the entry of large-scale capital, while promoting productive diversification in strategic sectors such as mining. According to the official statement, Glencore's presentation is part of a series of investment announcements aimed at consolidating Argentina as a competitive destination in the region.

The meeting at Casa Rosada between the President and Glencore's executives also constitutes a positive signal to international markets, as it demonstrates Argentina's willingness to build trust, attract long-term investment, and promote sustained economic growth based on legal certainty and openness to foreign capital.