LOAN: EDC offers $200 million to Codelco

OTTAWA — Export Development Canada (EDC), an arm of the federal government, has offered a $200 million loan to Chile's state-owned copper producer, Codelco. The funds are to be used to purchase Canadian equipment, technology and services.

“Over the past five years, EDC financing to Codelco has helped promote more than C$750-million worth of purchases from Canada, involving nearly 150 suppliers of everything from engineering services to environmental technologies,” said EDC senior VP for business development Benoit Daignault. "Canada is the largest investor in Chile's mining sector."

Information on Codelco6 is available in Spanish or English at www.Codelco.com.