McEwen Copper taps financial firm to manage $2.4 bln loan for Argentina copper project

McEwen Copper signed an agreement with an international financial institution to manage a $2.4 billion loan package financing part of the Los Azules copper project in Argentina. The deal improves funding visibility for a large-scale copper development and supports project execution. The news is supportive for McEwen Copper and modestly positive for copper project financing in an emerging market.

Analysis

McEwen Copper signed an agreement with an international financial institution to manage a $2.4 billion loan package financing part of the Los Azules copper project in Argentina. The deal improves funding visibility for a large-scale copper development and supports project execution. The news is supportive for McEwen Copper and modestly positive for copper project financing in an emerging market.