Argentina is the next frontier for copper growth, says Glencore

Argentina is the next frontier for copper growth, “no question”, Glencore CEO Gary Nagle highlighted on Wednesday when the London- and Johannesburg-listed diversified mining and marketing company outlined a growth pipeline that has the capacity to double the company's annual production to two-million tonnes of copper a year. Low capital brownfield projects are the predominant assets within the portfolio, and these will be brought to market in a value accretive way, Nagle assured during the reporting of 33%-lower, $6.3-billion half-year earnings before interest, taxes, depreciation and arbitration (Ebitda) and 9% higher funds from operations. (Also watch attached Creamer Media video.)