Canadian diversified miner Teck Resources has secured a $2.5-billion financing facility to fund the development of Quebrada Blanca Phase 2 (QB2) project, in Chile.
Compañia Minera Teck Quebrada Blanca (QBSA), which holds the QB2 project and will be the borrower under the financing, is indirectly owned 60% by Teck, 25% by Sumitomo Metal Mining (SMM), 5% by Sumitomo (SC), and 10% by Empresa Nacional de Mineria.