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Rio gets Aussie taxpayer loan for Argentinian project
5 Articles
5 Articles
The International Finance Corporation will grant a direct loan of $400 million and mobilize additional capital from entities such as IDB Invest and export credit agencies from Japan and Australia for the development of the Rio Tinto project in the province of Salta. It was the first project approved by the Argentine government under the RIGI scheme. The International Finance Corporation (IFC), a member of the World Bank Group, announced its part…
IDB Invest finances Rincon Mining Lithium production in Argentina
– The loan will boost exports and Argentina’s integration into global value chains, driving job creation and local business activity in Salta WASHINGTON, USA — IDB Invest announced its participation in a financing package of up to $1.175 billion for Rincón Mining, part of the multinational mining group Rio Tinto, to support the development and expansion of its lithium project at the Salar del Rincón, in the province of Salta, Argentina. The proj…
The mining company Rio Tinto (RIO) announced Tuesday the agreement with four lenders for the financing of Rincón, a lithium project developed by the company in the Argentine province of Salta. The financing will reach $1,175 million and will allow support an investment that will amount to US$2,500 million and that will count on the benefits of the Regime of Incentives to Large Investments (RIGI).The financing package includes loans from the Inte…
The mining giant Rio Tinto announced that it obtained a funding package of US$ 1175 million from four international entities to advance the development of the Rincón lithium project in Salta.The financing was granted by the International Finance Corporation (IFC), IDB Invest, Export Finance Australia (EFA) and the Japanese Bank for International Cooperation (JBIC).The company reported that the funds will be used to support the development of the…
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