Overview
- Operations are slated to resume toward the end of 2026 after seven years in Care and Maintenance, with first output targeted for the first half of 2028.
- The company projects roughly 75,000 tonnes of copper, 317,000 ounces of gold, and 1,000 tonnes of molybdenum over an initial four-year period, subject to permitting.
- Alumbrera’s concentrator and related infrastructure were preserved under a structured maintenance program since 2018 while rehabilitation obligations continued.
- Glencore frames the restart as a way to de‑risk and prepare the workforce and logistics for its larger MARA/Agua Rica and El Pachón developments by keeping shared infrastructure active.
- The decision follows applications to Argentina’s RIGI incentives for MARA and El Pachón, where Glencore has outlined multi‑billion‑dollar investments and significant job creation, though final approvals are still required.