Pampa Camarones, a Mineria Activa portfolio company, has announced the closing of a US$10m financing agreement contract with Mitsui. Funds will be used for working capital to restart Pampa Camarones operation.
(Press Release) Pampa Camarones SpA announces the closing of a US$10.000.000 financing agreement and copper cathodes off take contract with Mitsui & Co., Ltd..
Funds will be used for working capital to restart Pampa Camarones operation. The operation is expected to produce 8.000 tons of copper cathodes per year.
Pampa Camarones is pleased to partner with Mitsui & Co., Ltd. for its outstanding reputation and extensive track record in the copper mining industry in Chile.
About Pampa Camarones:
Mineria Activa, private equity fund manager, acquired Pampa Camarones SpA in 2016 through its funds under management. Pampa Camarones SpA is the only copper mining company in the Arica Parinacota region in Chile.
About Mitsui & Co., Ltd.:
Mitsui & Co., Ltd. is one of the most diversified and comprehensive trading, investment and service enterprises in the world, with 136 offices in 66 countries as of Oct, 2018. Utilizing our global operating locations, network and information resources, we are multilaterally pursuing business that ranges from product sales, worldwide logistics and financing, through to the development of major international infrastructure and other projects in the following fields: Iron & Steel Products, Mineral & Metal Resources, Infrastructure Projects, Mobility, Chemicals, Energy, Food, Food & Retail Management, Healthcare & Service, Consumer Business, IT & Communication Business, Corporate Development Business. Mitsui is actively taking on challenges for global business innovation around the world. For more information, visit http://www.mitsui.com