Copper Mountain Project Gets Debt Financing Accords for $322 Mln -Shanghai Metals Market

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Copper Mountain Project Gets Debt Financing Accords for $322 Mln

Industry News 08:51:16AM Jun 01, 2010 Source:SMM

May 31 (Bloomberg) -- Copper Mountain Mining Corp. said it had project finance agreements for $322 million that were executed by Similco Mines Ltd. for the copper mountain project in southern British Columbia.

The financing consists of a senior credit agreement for $162 million provided by a consortium of lenders, including the Bank of Tokyo-Mitsubishi UFJ Ltd. and Mizuho Corporate Bank Ltd., and a term loan of $160 million from Japan Bank for International Cooperation.
 

Key Words:  copper Cu 

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2665.0
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Copper Mountain Project Gets Debt Financing Accords for $322 Mln

Industry News 08:51:16AM Jun 01, 2010 Source:SMM

May 31 (Bloomberg) -- Copper Mountain Mining Corp. said it had project finance agreements for $322 million that were executed by Similco Mines Ltd. for the copper mountain project in southern British Columbia.

The financing consists of a senior credit agreement for $162 million provided by a consortium of lenders, including the Bank of Tokyo-Mitsubishi UFJ Ltd. and Mizuho Corporate Bank Ltd., and a term loan of $160 million from Japan Bank for International Cooperation.
 

Key Words:  copper Cu