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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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About Dropdown Description

World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Our Impact Dropdown Description

Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Our Products Dropdown Description

Young woman bending down to tending to her outside chores

Explore different types of political risk insurance guarantees provided to investors and lenders.

Projects Dropdown Descriptions

Hyundai building

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Chile

Compania Minera Cerro Colorado S.A

$5 million
Mining
Project Brief
Not Active
twitteremail

MIGA's $5 million guarantee to this Canadian investor against the risks of currency transfer, expropriation, and war and civil disturbance will support Rio Algom's Cerro Colorado copper mine in Chile. The project involves a total investment of $280 million, of which 35 percent will be equity-financed by Rio Algom. The project will generate export earnings in excess of $1.5 billion and will employ 500 people. In addition to the guarantee to Rio Algom, MIGA has been asked to consider insuring the lenders to the project. The Overseas Private Investment Corporation (OPIC) of the United States and the Ministry of International Trade and Industry (MITI) of Japan are also supporting the project.

twitteremail