Argentina, where interventionist policies have held back the industry, is becoming a more attractive setting for foreign investors, at least in some of its mineral-rich provinces.
The $1.4bn Andina Transfer project turned the underground operation into an open pit mine located 3,500 metres above sea level, which holds 30% of Chile’s copper reserves.
Wheaton will provide a total of $180.5 million under terms of a metals streaming deal, and Trafigura will provide $55 million under terms of an offtake financing agreement.