Search
Regulatory Story
Company Antofagasta PLC
TIDM ANTO
Headline COMPLETION OF LOS PELAMBRES EXPANSION FINANCING
Released 13:04 04-Apr-2019
Number 1508V13

RNS Number : 1508V
Antofagasta PLC
04 April 2019
 

NEWS RELEASE, 4 APRIL 2019

 

 

COMPLETION OF LOS PELAMBRES EXPANSION FINANCING

100% OF PROJECT COST DEBT FINANCED

 

Today Antofagasta plc's subsidiary Antofagasta Minerals SA announced the completion of the financing of the Los Pelambres Expansion Project with the full $1.3 billion project cost being debt financed by Los Pelambres.

Ivan Arriagada, the CEO of Antofagasta plc, commented, "I am pleased the expansion of Los Pelambres has been financed on favourable terms with the support of a strong group of lenders. This demonstrates the significant financing capacity of the Group and will enhance the already strong returns of the project".

The debt financing consists of two tranches, one of $425 million with a 10-year term from Japan Bank for International Cooperation (JBIC) and the other of $875 million with 7-year term from a consortium of international banks (Mizuho Bank, Export Development Canada, Scotiabank, Sumitomo Mitsui Banking Corporation (SMBC) and Bank of China). The second tranche received a Green Evaluation from S&P Global Ratings making Los Pelambres the first mining company in the world to receive this evaluation from S&P.

 Further details of the financing can be found at www.aminerals.cl.

 

 

Investors - London


Media - London






Andrew Lindsay 

alindsay@antofagasta.co.uk

Carole Cable

antofagasta@brunswickgroup.com

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959

Andres Vergara

avergara@antofagasta.co.uk 

Will Medvei

antofagasta@brunswickgroup.com

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959





Investors - Santiago


Media - Santiago


Rene Aguilar

raguilar@aminerals.cl

Pablo Orozco

porozco@aminerals.cl

Telephone

+56 2 2798 7000

Carolina Pica

cpica@aminerals.cl



Telephone

+56 2 2798 7000

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCCKQDNCBKKDQK
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.