Lithium Power International Ltd (fka LTHHF)

[Dr_Vonschellan]

Codelco US$32B in debt is now borrowing another US$4.1B
https://www-latercera-com.translate.goog/pulso/noticia/codelco-retorna-a-los-mercados-internacionales-con-emision-de-deuda-para-financiar-proyectos-estructurales/NNKUKR6Q65EYZMHPZYEOOO4FV4/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp
and or https://www.msn.com/es-cl/dinero/noticias/codelco-retorna-a-los-mercados-internacionales-con-emisi%C3%B3n-de-deuda-para-financiar-proyectos-estructurales/ar-AA1gh5wb Google translation to English is below.

As Codelco continues its inevitable slide down the commieshit-filled toilet this focking moron Michele's Mommy's Boy Gabby Boric is still yammering about having junior lithium miners like us JV (joint venture) with Codelco... these leftist/commies in Chile must have 100%shit for brains.

The Doctor

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Codelco returns to international markets with a debt issue to finance structural projects

Codelco announced on Tuesday the bond offer in New York, taking advantage of the restart of activity in the capital market, after the end of the summer holidays.

The offer includes 10-year and 30-year bonds. The results of the placement will be known during the afternoon.

This financing action seeks to ensure the availability of resources for the development of its demanding investment portfolio, which for this year will require a total of US$4.1 billion, the company said.

production goal

"This magnitude of capital is consistent with the higher level of activity of its structural projects, which are resuming their construction pace and which will contribute to increasing the company's production level to reach 1.7 million tons in 2030," he added. .

The structural projects that are at an advanced level of development are Chuquicamata Underground, New Mine Level and Rajo Inca.

The placement occurs in the midst of a complicated situation for the company, which has a high level of indebtedness and has registered a drop in its production and an increase in its costs, and after last week the risk rating agency Moody's reported that it had put the rating of the state mining company is under review.

Yesterday, the president of Codelco, Máximo Pacheco, said that he expects the market to maintain its confidence in the company despite the announcement by the rating agency.

Moody's has put the rating on review for a possible downgrade if credit metrics are not seen to improve in the next 12 to 18 months.