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MERCURIA ENERGY TRADING SECURES OFFTAKE AGREEMENT WITH PUCOBRE'S EL ESPINO PROJECT AND COMMITS FINANCING FACILITY
Mercuria Energy Trading (Mercuria) today announced it has signed a landmark offtake agreement with El Espino SpA, a subsidiary of Sociedad Punta del Cobre S.A. (Pucobre), in connection with the El Espino copper-gold project in Chile. The agreement grants El Espino the right to sell up to 100% of copper and gold production during the first years of operations, scheduled to begin in 2027.
About this update from Sociedad Punta Del Cobre S.a.
[{"type":"text","content":"GENEVA and SANTIAGO, Chile, Dec. 29, 2025 /PRNewswire/ -- Mercuria Energy Trading (Mercuria) today announced it has signed a landmark offtake agreement with El Espino SpA, a subsidiary of Sociedad Punta del Cobre S.A. (Pucobre), in connection with the El Espino copper-gold project in Chile. The agreement grants El Espino the right to sell up to 100% of copper and gold production during the first years of operations, scheduled to begin in 2027.","length":447,"tagName":"p"},{"type":"image","alt":"Mercuria Logo (PRNewsfoto/Mercuria Energy)","displaySize":"","headline":null,"caption":"Mercuria Logo (PRNewsfoto/Mercuria Energy)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":140,"url":"https://media.zenfs.com/en/prnewswire.com/2fdc2742c996f67ba6097e466440db8f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XiEfRU_aLsYUDtAShnWXFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2fdc2742c996f67ba6097e466440db8f","width":400,"height":140}},"href":"https://mma.prnewswire.com/media/2171884/Mercuria_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As part of the deal, Mercuria has also committed a financial facility of up to US$375 million, intended to refinance the existing project finance facility, reinforcing the project's financial strength and supporting its long-term growth.","length":241,"tagName":"p"},{"type":"text","content":""We are proud to support Pucobre and the El Espino project, which aligns perfectly with Mercuria's strategy to grow our metals business and deepen our footprint in Chile," said Kostas Bintas, Global Head of Metals and Minerals at Mercuria. "This agreement underscores our commitment to long-term partnerships and to providing innovative financial solutions that enable sustainable resource development."","length":427,"tagName":"p"},{"type":"text","content":"El Espino, located in Chile's Coquimbo Region, is expected to produce approximately 100,000 tons of copper and gold concentrates annually (equivalent to 26,000 tons of copper and 13,000 ounces of gold annually) over a mine life of 18 years.","length":244,"tagName":"p"},{"type":"text","content":"Pucobre's CEO Sebastián Ríos welcomed the agreement:","length":56,"tagName":"p"},{"type":"text","content":""This ag...