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Minera Yanacocha S.A.

Sector: Government • Location: Peru

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA increased its coverage to $47 million to Newmont Mining Corporation (Newmont); Mine Or, S.A.; and Union Bank of Switzerland (UBS) for their investments in the expansion of Minera Yanacocha gold mining operation in Peru. The new funds will be used to construct and operate a new open-pit mine and heap leaching facility at Yanacochas Maqui Maqui ore body, which is projected to produce about fiv

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The project “Minera Yanacocha S.A.” is an infrastructure initiative in the Government sector, located in Peru. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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not active

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Description

Description

MIGA increased its coverage to $47 million to Newmont Mining Corporation (Newmont); Mine Or, S.A.; and Union Bank of Switzerland (UBS) for their investments in the expansion of Minera Yanacocha gold mining operation in Peru. The new funds will be used to construct and operate a new open-pit mine and heap leaching facility at Yanacochas Maqui Maqui ore body, which is projected to produce about five million tons of ore annually. MIGA guarantees cover the equity investments of Newmont and Mine Or against the risks of expropriation and war and civil disturbance; UBSs loan is insured against currency transfer as well. MIGA had previously issued guarantees to Newmont, Mine Or, and UBS for $33.2 million for Yanacocha's Carachugo mining operations.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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