麦克尤恩铜业正在与贷款人就阿根廷40亿美元项目融资进行谈判

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McEwen Copper in talks with lenders for $4B in Argentina project funding – Bloomberg

McEwen (MUX) is in talks with global lenders as it seeks financing for its $4B Los Azules copper project in Argentina, Managing Director Michael Meding told Bloomberg in an interview Tuesday.

The company is engaging with multiple export credit agencies, including the U.S. Export-Import Bank, the U.S. International Development Finance Corp., and financial groups from Europe and Japan, Meding told Bloomberg, adding that he met last month with officials from Ex-Im and DFC in New York, while a delegation from Japan recently visited the Los Azules site.

Los Azules is seeking ~$4B in total financing, including $3.2B for capital spending, with McEwen (MUX) targeting a mix of 30%-40% equity and the remainder in debt. Export-credit agencies are expected to play a key role, with some already offering to finance as much as 85% of equipment costs, the company has said.

Meding said the outreach underscores rising interest from financial institutions in Argentina’s mining sector, amid improving policy conditions and new bilateral agreements, including a recent U.S.-Argentina framework to prioritize access to minerals such as copper.

Additional equity financing may come from Rio Tinto (RIO) or another senior mining partner seeking to develop Los Azules as a joint venture, or through several parties combining to acquire a stake in a potential IPO of McEwen Copper (MUX), Meding said.