MMG takes out loan for Peruvian mine

MMG takes out loan for Peruvian mine

Loans Debt Peru China Asia Andean

MMG Limited, a mining company listed on the Hong Kong stock exchange, said its Peruvian subsidiary Minera Las Bambas has received an $800 million loan from four Chinese lenders, according to a securities filing. Las Bambas, which operates an open-pit copper mine in the department of Apurímac, got the three-year loan from China Development Bank (CDB), Bank of China, Industrial and Commercial Bank of China (ICBC) and the Export-Import Bank of China with a guarantee from its indirect shareholder Ch

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