Codelco Raises $2 Billion in Sale of Debt

Bloomberg reported that Codelco has raised $2 billion in a sale of debt to invest in copper expansion.

As quoted in the market news:

Codelco plans to invest about $26 billion this decade to modernize aging mines and offset declining output from ore with less copper content. Codelco said the yields it achieved are among the cheapest funding it has ever had.

Click here to read the full Bloomberg report.

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CUU logo_1 color blackIn 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings. Connect with CUU to learn more.

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