The Antamina copper and zinc mine in central Peru is one of
world's greatest mining discoveries and financing its
development required some impressive financial engineering. It
took more than two dozen lenders, insurers and export credit
agencies to put together a $1.32 billion loan package for the
mine's owners - Anglo-Australian BHP Billiton, Canada's Noranda
and Teck Cominco and Japan's Mitsubishi Corporation. The deal
set a record for greenfield mining project loans worldwide at
the time it closed in 1999.
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