New updates have been reported about Copper.
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McEwen Copper has appointed Societe Generale as sole financial advisor to arrange project debt financing for its Los Azules copper project in San Juan Province, Argentina, positioning the company to move from feasibility into construction. Under the mandate, Societe Generale will design and structure a senior debt package, coordinate lender due diligence across technical, market, ESG, insurance, audit and tax workstreams, and support negotiation of the financing documentation.
The planned funding mix for Los Azules is expected to draw on export credit agencies, commercial banks, multilaterals and development finance institutions, supplemented by potential project bonds or other capital markets instruments, signaling an intention to build a large, diversified lender group for this advanced-stage asset. The engagement builds on McEwen Copper’s collaboration agreement with the International Finance Corporation to align Los Azules with IFC environmental, social and governance standards and the Equator Principles, which is critical for accessing international project finance at competitive terms and de‑risking one of the world’s largest undeveloped copper projects for shareholders and future debt providers.