Antofagasta secures $2.5B financing for Centinela mine expansion project [Seeking Alpha]
MARUBENI CORP UNSP/ADR (MARUY)
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Source: Seeking Alpha
metric tons/year of copper production, and sold water assets and rights for ~$600M. Antofagasta ( OTC:ANFGF ) said it signed definitive agreements with a group of international lenders, including the Japan Bank for International Cooperation, Export Development Canada, Export-Import Bank of Korea and several commercial banks for the term loan. The company said it entered into an option to receive water for Centinela mine operations from an international consortium that would buy its water supply system and build an expansion of it to supply the mine's second concentrator project. The Centinela mine's second concentrator is expected to contribute 170K metric tons/year of copper, or more than a quarter of last year's total output; Antofagasta ( OTC:ANFGF ) expects first copper production from the project in 2027. Antofagasta ( OTC:ANFGF ) owns 70% of the Centinela mine, while Japan's Marubeni ( OTCPK:MARUY OTCPK:MARUF ) owns the rest. Recommended For You More Trending News
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