# Glencore secures approval for MARA project in Argentina

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/glencore-secures-approval-for-mara-project-in-argentina--8592011a-c99c-449e-9ea5-f5e286c4251b

Original source: https://www.mining-technology.com/news/glencore-approval-mara-project-argentina/

Publisher: miningtechnology

Original announcement: 2026-10-05T08:32:06.739Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-05T08:32:47.698Z

Atlas analysis updated: 2026-10-13T04:03:22.980Z

- Company: Glencore

- Ticker: Unavailable

- Exchange: Unavailable

- Region: Argentina

- Primary commodity: Copper

- Secondary commodities: Gold, Silver, Molybdenum

- Document categories: Permitting, Resource update

- Extracted: 2026-10-05 08:32:48 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Glencore has obtained regulatory approval for its MARA project in Argentina under the Incentive Regime for Large Investments \(RIGI\). The project, centered on the Agua Rica deposit, features a large copper-gold-silver resource and aims to leverage existing Alumbrera infrastructure.

Reasoning: Securing RIGI approval provides fiscal and regulatory certainty for a large-scale copper project with significant resource backing.

- Positive factor: Regulatory approval secured under RIGI framework

- Positive factor: Significant resource scale \(1.2 billion tonnes\)

- Positive factor: Strategic infrastructure sharing with Alumbrera mine

Facts used in scoring: 4

## Classification and evidence

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides updated resource estimates for the Agua Rica deposit.

Evidence · text

> Agua Rica deposit in Catamarca province contains estimated measured and indicated resources of approximately 1.2 billion tonnes of ore

## Extracted facts

Stored fact records: 4. Some facts used in scoring do not have a stored record.

## Resource Estimates (4)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/glencore-secures-approval-for-mara-project-in-argentina--8592011a-c99c-449e-9ea5-f5e286c4251b#fact-resource-facts-0)

MARA · copper

#### Identity

- Project: MARA
- Commodity: copper
- Region: argentina
- Reported Region: Argentina

#### Resource scope

- Estimate type: resource
- Resource group id: resource:100a4c6311c0aa75ccae
- Deposit or zone: Agua Rica
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1200000000
- Grade: 0.47
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-05T00:00:00.000Z

Reasoning: Primary copper grade for the 1.2Bt resource.

- Positive factor: Large scale resource

Evidence · text

> Agua Rica deposit in Catamarca province contains estimated measured and indicated resources of approximately 1.2 billion tonnes of ore, with average grades of 0.47% copper

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/glencore-secures-approval-for-mara-project-in-argentina--8592011a-c99c-449e-9ea5-f5e286c4251b#fact-resource-facts-1)

MARA · gold

#### Identity

- Project: MARA
- Commodity: gold
- Region: argentina
- Reported Region: Argentina

#### Resource scope

- Estimate type: resource
- Resource group id: resource:100a4c6311c0aa75ccae
- Deposit or zone: Agua Rica
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1200000000
- Grade: 0.2
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-05T00:00:00.000Z

Reasoning: Secondary gold grade for the resource.

Evidence · text

> 0.2 grams per tonne \(g/t\) gold

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/glencore-secures-approval-for-mara-project-in-argentina--8592011a-c99c-449e-9ea5-f5e286c4251b#fact-resource-facts-2)

MARA · silver

#### Identity

- Project: MARA
- Commodity: silver
- Region: argentina
- Reported Region: Argentina

#### Resource scope

- Estimate type: resource
- Resource group id: resource:100a4c6311c0aa75ccae
- Deposit or zone: Agua Rica
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1200000000
- Grade: 3.4
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-05T00:00:00.000Z

Reasoning: Secondary silver grade for the resource.

Evidence · text

> 3.4g/t silver

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/glencore-secures-approval-for-mara-project-in-argentina--8592011a-c99c-449e-9ea5-f5e286c4251b#fact-resource-facts-3)

MARA · molybdenum

#### Identity

- Project: MARA
- Commodity: molybdenum
- Region: argentina
- Reported Region: Argentina

#### Resource scope

- Estimate type: resource
- Resource group id: resource:100a4c6311c0aa75ccae
- Deposit or zone: Agua Rica
- Mining method: underground

#### Resource Data

- Category: indicated
- Tonnes: 1200000000
- Grade: 0.03
- Grade Unit: %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-05T00:00:00.000Z

Reasoning: Trace molybdenum grade for the resource.

Evidence · text

> 0.03% molybdenum

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.