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Antofagasta Says Minera Centinela Unit Signed $2.5 Billion Financing Pact

By Ian Walker


Antofagasta said that its Minera Centinela unit has agreed to a $2.5 billion financing for a second concentrator project.

The Chilean copper miner said Tuesday that Centinela has also entered into an option to receive water for its operations from an international consortium who would buy the company's water supply system and build an expansion of this system to supply the Centinela second concentrator project.

The water agreement is conditional upon closing of the financing package which is expected to be this year.

The financing package is with a consortium of lenders with a four-year drawdown period and 12 year term.

Antofagasta owns 70% of Minera Centinela with Marubeni Corporation owning the rest.


Write to Ian Walker at


(END) Dow Jones Newswires

March 19, 2024 04:42 ET (08:42 GMT)

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