28
Jun
08:03
Peru's SHP secures funding for further output expansion
Shougang Hierro Peru (SHP), the sole iron ore producer in the Andean country, has confirmed that it secured a loan of up to $500 million for a further expansion of its operations. This is intended to increase its output.
The funding is set to be provided by China's ICBC Bank and will be invested in building a plant at SHP's mine to recover ore from the company’s tailings. The new expansion will add some 3.5 million tonnes/year of capacity to the ex…
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