Chile’s Antofagasta secures $2.5 billion for Centinela copper project

Chilean miner Antofagasta has secured funds. Photo by Antofagasta

Funds for development Chilean miner Antofagasta has announced that its copper-focused subsidiary Minera Centinelahas recently signed definitive agreements with a group of international lenders for the $2.5 billion project to fund the Centinela Second Concentrator Project.


“We have agreed competitive financing terms with strong international lenders, which is testament to the high-quality nature of this project. The Centinela Second Concentrator Project is a prime example of how Antofagasta can unlock value from its portfolio and our dedication to sustainable and responsible copper production. The Company remains focused on delivering growth and returns, while maintaining a strong balance sheet,” said Antofagasta’s CEO, Iván Arriagada, as quoted in a statement.


The financing for the Centinela investment is a $2.5 billion term loan facility with a 4-year drawdown period and a term of about 12 years, according to the statement.