Minera los Pelambres’s $425 Million Credit Facility


Philippi Prietocarrizosa Ferrero DU & Uría advised on the deal

On April 1st, 2019, The Japan Bank for International Cooperation (JBIC) signed for an additonal $425 million loan agreement with Minera Los Pelambres for the further development of the Los Pelambres Copper Mine and a seawater desalination plant.

The Minera Los Pelambres has equity split between British corporation Antofagasta PLC and four Japanese companies (JX Metal Corporation, Mitsubishi Materials Corporation, Marubeni Corporation and Mitsubishi Corporation).

Japan Bank for International Cooperation operates as a financial institution that provides lending, investment, and guarantee operations in Japan.

Philippi Prietocarrizosa Ferrero DU & Uría advised Japan Bank for International Cooperation with a team including Marcelo Armas (Picture) and Marcela Silva.

Involved fees earner: Marcelo Armas Mac Donald – Philippi Prietocarrizosa Ferrero DU & Uría; Marcela Silva Gonzalez – Philippi Prietocarrizosa Ferrero DU & Uría;

Law Firms: Philippi Prietocarrizosa Ferrero DU & Uría;

Clients: Japan Bank for International Cooperation – JBIC;

Author: Ambrogio Visconti.