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Samarco Closes Club Loan

Oct 2, 2012

Brazil’s Samarco Mineracao has closed on a $450m term loan funding construction of its fourth pellet plant, according to sources familiar with the transaction....

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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