Syndication closes on December 8 on the $240 million Cerro Matoso
mining project financing - a sign that confidence is returning to
the market in Latin America. The mine, located in the Cordoba
province in north-west Colombia, requires the financing to expand
its annual production capacity by ar...
Banco Santander, Dresdner and Royal Bank of Scotland have closed
syndication of Anaconda Chile's $205 million project loan for the
El Tesoro mine in the north of the country, in which it has a
two-thirds stake. The loan has a tenor of 10.5 years and is priced
at 250bps pre-completion, and 225-30...
Latin American mining deals are looking healthier - but sponsors are still waiting for an increase in both metals prices and a more bullish approach from banks. By Andrew Olsen