Peru Miner Plans Loan

Peru-based miner Minsur plans to take out a $200m loan, it says, to help with financing related to the acquisition of a majority stake in the Marcobre copper project. Minsur in April agreed to acquire a 70% stake in Marcobre, in Peru’s Nazca province, from Hong Kong’s CST Mining for $505m. Further details on the financing plan were not disclosed.