Antofagasta signs $2.5bn loan deal to build Centinela concentrator

19th Mar 2024 10:44

(Sharecast News) - Antofagasta said it had secured a loan deal to finance construction of a $2.5bn second concentrator at its Centinela mine in Chile.

The 12-year loan facility has a four-year drawdown period. Financing has been provided by a group of international lenders, including the Japan Bank for International Cooperation, Export Development Canada, the Export-Import Bank of Korea and several commercial banks (Crédit Agricole Corporate and Investment Bank, KfW IPEX-Bank, Natixis Corporate & Investment Banking, Societe Generale and Sumitomo Mitsui Banking Corporation).

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