Teck nears Quebrada Blanca financing

Teck nears Quebrada Blanca financing

Loans Chile Canada

Canada's Teck Resources is expected to sign a 12-year, $2.5bn loan for the Quebrada Blanca copper mine project in Chile on April 30, LatinFinance has heard. Five or six lenders are expected to participate in the club deal, including the Japanese banks Mizuho, MUFG and SMBC, according to sources close to the deal. Rothschild & Co is Teck's financial advisor. The Japanese trading company Sumitomo closed the acquisition of a 30% stake in Quebrada Blanca for $1.2bn earlier this month. Teck sti

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