Minera Escondida Limited’s $250 Million Financing


Urenda Rencoret Orrego y Dörr, Sullivan & Cromwell, Philippi Prietocarrizosa Ferrero DU & Uría and Pillsbury Winthrop Shaw Pittman advised on the deal

Minera Escondida Limitada operating as a subsidiary of BHP Billiton secured a $250 Million Loan from Export Development Canada.

Minera Escondida Limitada engages in prospecting, extracting, processing, and commercializing ore resources. It produces copper, silver and gold concentrates, and copper cathodes. The company, led by Mauro Neves and Alfredo Atucha Abad, during FY2016, processed more than two billion tonnes of ore through leaching (solvent extraction and electrowinning) and flotation.

Export Development Canada operates as an export credit agency. The organization provides insurance and financial services, bonding products, and small business solutions to Canadian exporters and investors, and their international buyers; and supports Canadian direct investment abroad and investment into Canada.

In Chile, Urenda Rencoret Orrego y Dörr advised Minera Escondida Limited with Nicholas Mocarquer (Picture) Felipe Rencoret Portales and Raúl Gómez.

In US, Sullivan & Cromwell advised Minera Escondida Limited with John Estes, Ronald Creamer Jr., Ping Chi Bobby Yeh, Lindsey Chandler and HK Kim.

In Chile, Philippi Prietocarrizosa Ferrero DU & Uría advised Export Development Canada with Marcelo Armas and Vicente Vergara.

In US, Pillsbury Winthrop Shaw Pittman advised Export Development Canada with Joseph M. Fastiggi and Russell DaSilva.

Involved fees earner: Nicholas Mocarquer – Urenda Rencoret Orrego y Dörr; Felipe Rencoret – Urenda Rencoret Orrego y Dörr; Raúl Gómez – Urenda Rencoret Orrego y Dörr; Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Vicente Vergara Campusano – Philippi Prietocarrizosa Ferrero DU & Uría; Joseph Fastiggi – Pillsbury Winthrop Shaw Pittman LLP; Russell DaSilva – Pillsbury Winthrop Shaw Pittman LLP; John Estes – Sullivan & Cromwell; Bobby Yeh – Sullivan & Cromwell; Lindsey Chandler – Sullivan & Cromwell; Terence Kim – Sullivan & Cromwell; Ronald Creamer – Sullivan & Cromwell;

Law Firms: Urenda Rencoret Orrego y Dörr; Philippi Prietocarrizosa Ferrero DU & Uría; Pillsbury Winthrop Shaw Pittman LLP; Sullivan & Cromwell;

Clients: Export Development Canada; Minera Escondida Limitada;