Minera Los Pelambres

Minera Los Pelambres

Borrower (s)
Minera Los Pelambres
Industry
Metals and Mining/Base metals
Area of finance
Project & Infrastructure Finance
Country
Chile

Deal Overview

Financing of the Los Pelambres expansion project (known as the INCO project) in Chile, with the full $1.3 billion project cost raised as debt.  The project involves installation of a new SAG mill, another ball mill and six additional flotation cells, and is expected to boost production by 60...

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Financing of the Los Pelambres expansion project (known as the INCO project) in Chile, with the full $1.3 billion project cost raised as debt.  

The project involves installation of a new SAG mill, another ball mill and six additional flotation cells, and is expected to boost production by 60 thousand tons of fine copper per year. In addition, a desalination plant will be built in Los Vilos, next to Punta Chungo Port, to help ensure operations in case of drought.

The second tranche of debt (based on the desalination project) received a Green Evaluation from S&P Global Ratings, making Los Pelambres the first mining company in the world to receive such an evaluation.

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Deal Volume
$ 1.3bn
Financial Close
27 March 2019

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Tranches


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Projects

Los Pelambres Copper Mine Expansion

Brownfield
Base metals
Chile
$ 1.3bn