Hochschild Sues Minera Andes Over Loan

Hochschild Sues Minera Andes Over Loan

Andean

Hochschild Mining has filed suit in the New York State Supreme Court, asking that Minera Andes be required to execute formal loan agreement documents for a $65m project loan. Hochschild provided the facility to the San Jose gold and silver project in Argentina, a joint-venture between Hochschild (51%) and Minera Andes (49%). The complaint alleges that Minera Andes Inc (MAI) and Minera Andes SA (MASA) unduly delayed execution of formal loan documents and repayment of the loan by the JV, known as

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