Chilean Copper Mine Secures $650M From Banks

Law360, New York (November 6, 2013, 4:51 PM EST) -- Chilean mining enterprise Minera Antucoya secured a $650 million loan from a consortium of banks to develop the Antucoya copper mine, the project's holding companies announced Wednesday.

Japan Bank for International Cooperation, Export Development Canada, KfW IPEX-Bank GMBH, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Natixis, ING Capital LLC, Corpbanca and Banco del Estado de Chile will share the cost and the risk of the project, of which mining company Antofagasta owns 70 percent and Marubeni Corporation owns 30 percent. Chile is the world's top copper producer...
To view the full article, register now.