Herbert Smith Freehills’ Latin America projects team has advised Mantos Copper S.A., a private Chilean copper producer, on the construction-related aspects of the Mantos Blancos plant expansion which is located in the Antofagasta region.
The debottlenecking project involves the expansion of the sulphide concentrator plant from 4.3 Mtpa to 7.3 Mtpa which will extend the life of the mine until 2035. The expansion works are delivered under an engineering, procurement and construction (EPC) contract, with construction costs being funded as part of a US$250 million financing package raised by Mantos Copper S.A.
The New York-based HSF team advising on the project was led by projects and infrastructure partner Juan-José Zentner and included senior associate Michael D’Agostino and visiting associate Natália Mauad.
Juan-José commented: “This project achieving financial close is a significant achievement for the Mantos Copper team, especially given the current mining financing market in Chile. It is also gratifying to see the HSF team continue to cement its place as one of the leading teams advising on many of the largest mining expansions and developments in Latin America.”