logo-loader
RNS
Antofagasta PLC

COMPLETION OF LOS PELAMBRES EXPANSION FINANCING

/**/ h1{margin-top:12.0pt;margin-right:0cm;margin-bottom:0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:115%;font-size:16.0pt;font-family:"Cambria","serif";color:#365F91;font-weight:normal;}h3{margin:0cm;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Arial","sans-serif";}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: blue }visited{ color: purple } .ae{size:595.3pt 841.9pt;margin:2.0cm 77.95pt 1.0cm 53.85pt;}div.ae{}p.bn{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; margin-bottom: 12.0pt; text-align: right}span.bl{font-size:12.0pt}p.bo{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt; text-align: center}span.bj{font-size:18.0pt}p.bp{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 3.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 3.0pt; text-align: justify; text-justify: inter-ideograph}span.bh{font-size:2.0pt}p.bq{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm; text-align: center}span.bf{font-size:18.0pt;line-height:115%} p.br{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: center}span.bd{font-size:14.0pt;line-height:115%}p.bs{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;text-justify:inter-ideograph}p.bt{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;text-justify:inter-ideograph;line-height:normal}p.bu{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt; text-align: justify; text-justify: inter-ideograph}table.bv{width:489.05pt;margin-left:-5.4pt;border-collapse:collapse}td.aw{width:80.7pt;border:none;border-top:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}p.bw{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm}span.ay{font-size:9.0pt}td.av{width:132.6pt;border:none;border-top:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt} td.au{width:73.25pt;border:none;border-top:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}td.at{width:159.3pt;border:none;border-top:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}td.ar{width:80.7pt;padding:0cm 5.4pt 0cm 5.4pt}p.bx{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}td.aq{width:132.6pt;padding:0cm 5.4pt 0cm 5.4pt}td.ap{width:73.25pt;padding:0cm 5.4pt 0cm 5.4pt}td.ao{width:159.3pt;padding:0cm 5.4pt 0cm 5.4pt}span.an{font-size: 9.0pt}p.by{margin-top:0cm;margin-right:0cm;margin-bottom:10.0pt;margin-left:0cm;line-height:115%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-div: italic; line-height: normal; margin-bottom: 0cm}td.al{width:80.7pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt} td.ak{width:132.6pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}td.aj{width:73.25pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}td.ai{width:159.3pt;border:none;border-bottom:solid windowtext 1.0pt; padding:0cm 5.4pt 0cm 5.4pt}p.bz{margin:0cm;margin-bottom:.0001pt;text-align:justify;text-justify:inter-ideograph;font-size:9.0pt;font-family:"Arial","sans-serif";font-div: italic; font-weight: bold; margin-left: 14.2pt; text-indent: -14.2pt}span.ag{font-family:"Calibri","sans-serif"} /**/
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 

[email protected]

Carole Cable

[email protected]

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959

Andres Vergara

[email protected] 

Will Medvei

[email protected]

Telephone

+44 20 7808 0988

Telephone

+44 20 7404 5959





Investors - Santiago


Media - Santiago


Rene Aguilar

[email protected]

Pablo Orozco

[email protected]

Telephone

+56 2 2798 7000

Carolina Pica

[email protected]



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 [email protected] or visit www.rns.com.
 
END
 
 
MSCCKQDNCBKKDQK

Quick facts: Antofagasta PLC

Price: £8.24

Market: LSE
Market Cap: £8.13 billion
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE