Minera Escondida Limited’s $300 Million Loan


Urenda Rencoret Orrego y Dörr, Sullivan & Cromwell and Philippi Prietocarrizosa Ferrero DU & Uría advised on the transaction

Minera Escondida Limitada – operating as a subsidiary of BHP Billiton – secured a $300 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.

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

In US, Sullivan & Cromwell advised Minera La Escondida Limited with John Estes, Ping Chi Bobby Yeh and Cristina Liebolt.

Philippi Prietocarrizosa Ferrero DU & Uría advised Export Development Canada with Marcelo Armas Mac Donald.

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; John Estes – Sullivan & Cromwell; Bobby Yeh – Sullivan & Cromwell; Cristina Liebolt – Sullivan & Cromwell;

Law Firms: Urenda Rencoret Orrego y Dörr; Philippi Prietocarrizosa Ferrero DU & Uría; Sullivan & Cromwell;

Clients: Export Development Canada; Minera Escondida Limitada;

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Author: Ambrogio Visconti.