McEwen Copper seeks $2.5 bln for Argentina copper mine Los Azules

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McEwen Mining seeks $2.5B for Los Azules copper mine in Argentina - Reuters (NYSE:MUX)

McEwen Mining seeks investors to raise $2.5B to move forward with construction of the Los Azules copper mine in Argentina.

Reuters

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McEwen Copper seeks $2.5 bln for Argentina copper mine Los Azules

Canada's McEwen Copper is scouting for investors to raise $2.5 billion to move forward with construction of Los Azules copper mine in Argentina, company Vice President Michael Meding said in an interview.

The Globe & Mail

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Canada’s McEwen Copper seeks US$2.5-billion for construction of Los Azules copper mine in Argentina

McEwen Copper, part of McEwen Mining, is among several international companies looking to extract copper in the mountains of northern Argentina

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Minsur published its financial statements in the third quarter and based on the results Credicorp Capital developed his thesis on whether or not to invest in the company. In the following note, we tell you why the answer is yes. “The margin for improving leverage rates (indebtedness) remains limited (for Minsur). This is due to the fall of laws (minerals found) in Mina Justa and the lack of incentives to strengthen the financial position, since …

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Is it wise to invest in Argentina?

Argentina’s history is marked by its rich indigenous cultures, colonial conquest, and modern development. Before European contact, the region was inhabited by diverse indigenous groups, including the Mapuche, Guaraní, and the Inca Empire in the northwest. Spanish colonization began in 1516, leading to the establishment of Buenos Aires in 1580. The region became part of […] Source

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The copper industry, completely unexplored in Argentina, has no social or environmental license in Mendoza. In addition to the contamination the indiscriminate use of fresh water will be fatal for a province in chronic water emergency. But the governing caterva has no opposites: 34 mining projects in freedom almost by majority. To serve the state structures to do business. And to benefit those who do them, running over as bulldozers the few best…