Chile's Codelco agrees on $666 million in loans from Japan's JBIC, commercial bank

Chile's Codelco agrees on $666 million in loans from Japan's JBIC, commercial bank

SANTIAGO : Chile's state-run Codelco, the world's largest copper producer, said on Tuesday it agreed on a $466 million loan from the Japan Bank for International Cooperation and an additional $200 million loan co-financed with a commercial bank.The loan is intended to help supply Japanese manufacturers wi

Codelco signed a financing agreement with the Japanese Bank for International Cooperation (JBIC) that represents a $466 million loan for the state Cuprera and an additional $200 million co-financed by a commercial bank.In a statement, Codelco said that the Japanese state financial institution seeks to support the stable supply of copper concentrates to Japan.The world's largest copper producer recalled that the Japanese bank supported in 2012 th…

Chile’s Codelco secures $666m loan from Japan’s JBIC, commercial bank

Chile's national copper company Codelco has secured a $666m loan from Japan Bank for International Cooperation (JBIC) and a private financial institution.The post Chile’s Codelco secures $666m loan from Japan’s JBIC, commercial bank appeared first on Mining Technology.

Codelco inks financing deal with JBIC

Chile’s state-owned copper giant gets backing from Japanese export credit agency to fund its decarbonization efforts The post Codelco inks financing deal with JBIC appeared first on LatinFinance.

This month, Chile’s National Copper Corporation is 49 years old. Codelco, formalized by decree on April 1, 1976, is an emblematic company, recognized internationally for its unquestionable contribution to the country’s development.

Japan is lending $666 million to Chile’s Codelco for copper supply: here’s why

Chile’s state-owned copper giant Codelco has secured a major financial deal, reinforcing its position as the world’s largest copper producer.The company has received a $466 million loan from the Japan Bank for International Cooperation (JBIC), along with an additional $200 million co-financed by a commercial bank, according to a Reuters report.The funding aims to ensure a stable supply of copper concentrates for Japanese manufacturers, who rely …