Loan for a Project to Expand the World's Largest Copper Mine
Supporting the Long-term, Stable Procurement of Copper Concentrate by Japanese Companies

  • Area: Latin America and the Caribbean
  • Energy and Natural Resources

JBIC signed a loan agreement with Minera Escondida Limitada (MEL), a Chilean company capitalized by Mitsubishi Corporation, JX Nippon Mining & Metals Corporation, Mitsubishi Materials Corporation, BHP Billiton Group and Rio Tinto Group. The loan will provide the necessary funds for MEL to expand its Escondida Copper Mine, the world's largest copper mine, in Chile, and increase production of copper concentrate. The copper concentrate produced by MEL is crucial to Japanese companies due to its high quality, and this loan will contribute to the long-term, stable supply of copper concentrate to Japan.

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