en.Wedoany.com Reported - McEwen Copper has appointed French bank Société Générale as its exclusive financial advisor to structure the debt financing for the Los Azules copper project in San Juan Province, Argentina. Company General Manager Michael Meding stated that this marks an important step toward the project's construction phase.
Los Azules is considered one of the world's largest undeveloped copper projects and a strategic asset for Argentina's mining development. According to company information, Société Générale will be responsible for designing the financing strategy and coordinating the technical, environmental, social, accounting, and tax audits required by potential lenders, while also participating in the preparation of financial documents and negotiations.
The planned financing structure will combine various international instruments, including export credit agencies, commercial bank loans, multilateral institution financing facilities, and potentially capital market instruments. Meding noted that Société Générale's global project finance platform and its long-standing relationships with export credit agencies, multilateral institutions, and commercial banks make it an ideal partner for building a robust and competitive debt package.
The company also stated that this appointment complements its collaboration with the International Finance Corporation (IFC, a member of the World Bank Group), aiming to align the project with international environmental, social, and governance standards and maintain consistency with the Equator Principles guiding Los Azules' development. Amid growing global copper demand driven by the energy transition and industrial electrification, the San Juan copper project continues to solidify its position as one of Argentina's most important mining initiatives.
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