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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Quaterra Resources Inc. (TSXV:QTA,OTCMKTS:QTRRF,FWB:QR2) is advancing its 100%-owned flagship Yerington project in Nevada’s Yerington Copper District, one of the world’s most attractive mining jurisdictions.

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