Advice to Caitan SpA in the financing of a project consistent in the construction of a desalination plant in the northern region of Chile
June 8, 2018 · 1 min read
The Project is being developed by Caitan SpA for BHP Billiton (“BHP”) in the context of a US $ 2.5bn investment approved by BHP back in 2017 for the upgrade of the Spence copper mine (the Spence Growth Option (SGO) project). The upgrade required a 1,000-liter per second desalination plant on the Mejillones Bay in the Antofagasta Region in Chile. The investment seeks to extend the life of the mine for more than 50 years.
El proyecto está siendo desarrollado por Caitan SpA para BHP Billiton («BHP») en el contexto de una inversión de US $ 2.5bn aprobada por BHP en 2017 para la mejora de la mina de cobre Spence (el proyecto Spence Growth Option (SGO)). La actualización requirió una planta de desalinización de 1.000 litros por segundo en la Bahía de Mejillones en la Región de Antofagasta en Chile. La inversión busca extender la vida de la mina por más de 50 años.
This Project is expected to become operational in 2020, for an estimated total investment of US $620,000,000.
The transaction involves several jurisdictions and time zones were involved, which required great levels of coordination among the different teams of counsels involved and this transaction, including the need to negotiate different project documents such as EPCs, O&Ms, interface agreements, terminations and others.
