https://newsletter.en.creamermedia.com
Copper|Export|Gold|Mining|Operations
Copper|Export|Gold|Mining|Operations
copper|export|gold|mining|operations

Lundin secures additional $350m to increase stake in Chilean miner

5th August 2024

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

TSX-listed Lundin Mining has closed a term loan of $350-million in addition to an existing $1.75-billion revolving credit facility.

The term loan matures on July 27, 2027.

The company is using the term loan to refinance the drawdown of the existing facility that was used to fund the upfront cash consideration of $350-million to acquire 19% of the issued share capital of Lumina Copper, which owns the Caserones copper/molybdenum mine, in Chile.

Lundin now owns 70% of Lumina Copper.

The deal involves BMO Capital Markets, ING Capital and the Bank of Nova Scotia as joint lead arrangers and bookrunners, while the Bank of Montreal is involved as administrative agents.

The lender banks include Bank of Montreal, Bank of Nova Scotia, ING Capital, Canadian Imperial Bank of Commerce, Fédération des Caisses Desjardins du Québec, the Toronto-Dominion Bank, Bank of America, Royal Bank of Canada, Export Development Canada, National Bank of Canada, MUFG Bank and Citibank.

Lundin has operations in Argentina, Chile, Brazil, Portugal, Sweden and the US, primarily producing copper, zinc, gold and nickel.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Research Reports

Showroom

Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 
BOVA Safety Wear
BOVA Safety Wear

BOVA cemented their reputation in Africa by delivering high quality engineering through their range of safety footwear. 21 years after producing...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:7.719 7.837s - 192pq - 2rq
Subscribe Now