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Vale returns looking for low-cost debt after Brumadinho tragedy
The insatiable appetite to lend to Latin America’s blue-chip corporations may allow Brazilian miner Vale SA to return to the loan market and borrow US$3bn to refinance debt at ultra-low rates, only 10 months after a dam disaster that left the country reeling. In...
Overview Market Close – November 21, 2019
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,766.29 -54.80 -0.20% S&P 500 INDEX 3,103.54 -4.92 -0.16% NASDAQ COMPOSITE INDEX 8,506.21 -20.52 -0.24% NYSE COMPOSITE INDEX 13,406.42 -12.88 -0.10% S&P/TSX COMPOSITE INDEX 16,999.19 -6.63 -0.04%...
Teck hires Barclays to sell Peru mine stake
Canada’s Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told Reuters on...
Chile’s Codelco set to get a slice of Ecuador’s copper riches
Chile’s Codelco, the world’s No. 1 copper producer, is closer to securing a long-awaited deal with Ecuador-controlled miner Enami EP, which will allow them to jointly develop a massive project located about 80 km northeast of the country’s capital, Quito. The...