Chile's Codelco signs $500 million insurer-backed credit agreement

May 7, 2025 9:24 AM EDT

FILE PHOTO: The logo of Codelco, the world's largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. REUTERS/Ivan Alvarado/File Photo

SANTIAGO (Reuters) - Chile's state-owned miner Codelco, the world's largest copper producer, said on Wednesday it signed a credit agreement for $500 million through Spanish lender Santander and with a guarantee from Italian state credit insurance agency SACE.

(Reporting by Fabian Cambero; Editing by Kylie Madry)



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