"Antofagasta's chief executive, Marcelo Awad, told Reuters banks are still unwilling to finance new projects with price models for copper above $2/lb.
"If you present a project that depends on copper at $2.20, $2.40 or higher, banks simply will not come on board under those terms," the executive said."
For more:
http://www.reuters.com/article/idUSN0922994920100409?type=marketsNews
09/04/10
"Antofagasta's chief executive, Marcelo Awad, told Reuters banks...
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