SOCIEDAD MINERA EL BROCAL S.A.A. El Brocal has revised the investment for the expansion of its operations to USD 432 million (EUR 322.7 million) from USD 382.7 million due to higher expenses on construction and installation. The company is expanding its processing capacity to 18,000 tonnes per day (tpd), including its upgraded concentrator plant and a new plant of 11,000 tpd. Amid the revised investments and start-up expenses, the company decided to request USD 70 million from its shareholders and to seek financing of up to USD 180 million through a sale and leaseback scheme.
The funds will be used to complete the expansion and refinance current debt.
