London (United Kingdom) – Fasken announces that the Mina Justa copper project in Peru has won the Project Finance International (PFI) 2018 Mining Deal of the Year for the Americas Award. The official ceremony was held in London on February 6, 2019.
Fasken was counsel to the owner of the project, Marcobre S.A.C., a subsidiary of Minsur S.A., on the development of the Mina Justa project, including the preparation and negotiation of the engineering, procurement and construction management agreement, which was completed before the financing. This further establishes Fasken’s leadership in the mining industry and is a testament to the hard-work Fasken lawyers Alison Lacy and Rachel Yurkowski invested in the project.
The PFI Yearbook 2019, considered all top international finance project events for the year. The Mina Justa copper project was a clear frontrunner as it was the biggest mining project in the region and the second recent major mining investment in Peru.
Project sponsors Minsur S.A. (a company of the Breca Group (Peru)) (60%) and Empresas Copec (Chile) (40%) together secured US$900 million in debt financing for the development of the US$1.6 billion copper project, which is expected to begin producing in 2020/2021. Output is set to reach 102,000 tonnes of copper and 58,000 tonnes of copper cathode per year.
Fasken’s Global Mining Group has earned an unparalleled reputation in the industry, with extensive experience across Canada, Africa, Europe and Latin America.
About PFI Awards
PFI (owned by Thomson Reuters) is one of the top publications in global project finance. An awards ceremony is held annually.
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