Overview

CDB agrees in principle to lend $274 million to support Toromocho Project

Commitments (Constant USD, 2023)$296,966,087

Commitment Year•2012Country of Activity•PeruDirect Recipient Country of Incorporation•PeruSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Minera Chinalco Perú S.A.

Loan desecription

CDB agrees in principle to lend $274 million to support Toromocho Project

Interest type•Unknown

Narrative

Full Description

Project narrative

In September 2012, CDB issued a memorandum indicating its commitment in principle to lend $274 million to Chinalco Peru for certain designated projects in relation to the development of the Toromocho Project.