Mining & Exploration News from South America
Funding from within South America
Sierra Metals Inc. (TSX:SMT) (NYSE:SMTS) (BVL:SMT) has secured funding of up to $100 million with BCP in Peru via a new six-year senior secured corporate credit facility which is effective March 8, 2019. The corporate credit facility will be used as funds to repay debt and invest in future projects in Mexico.
A New Smelter in Peru
Southern Copper Corp will invest in a new smelter in Peru's Ilo region, to be located next to an operating smelter, if the government grants the construction license for the Tia Maria copper project, El Comercio reported, citing president and CEO Oscar Gonzalez. The new smelter will process ore from the Toquepala mine expansion, as well as concentrates from other mines. Read full article here.
Upcoming World Copper Conference in Santiago - CESCO
On 8-12 April, Santiago will host the annual copper-focussed conference run by the Centre for Copper and Mining Studies. Find out more information on the program and attending here.