With the support of MIGA's $49.8 million reinsurance agreement with the Export Development Corporation of Canada, Canadian-based Placer Dome, Inc., one of the world's leading gold producers, will develop a $335 million gold and silver mining joint venture in Chile. The construction of the new mine will increase Chile's gold production and create an additional 350 jobs. Protection is provided for a $250 million loan guaranty against the risks of currency transfer, expropriation and war and civil disturbance over its seven-year term.
Compania Minera Mantos de Oro
With the support of MIGA's $49. 8 million reinsurance agreement with the Export Development Corporation of Canada, Canadian-based Placer Dome, Inc. , one of the world's leading gold producers, will deve
Project ID
735
Guarantee Holder
Placer Dome Inc.
Investor Country
Canada
Project Type
Non-SIP
Fiscal Year
1990
Delivering Development with Transparency and Integrity
Need additional information? Reach out to request access.
