McEwen Copper seeks $4B financing with talks involving Rio Tinto
McEwen Copper is seeking total funding of $4 billion to build the Los Azules copper project in Argentina and is in talks with Rio Tinto Group and other investors. The plan includes about $600 million in equity from existing shareholders and the rest in debt, with a final decision tied to board comfort. Rio already holds about 17% via Nuton, and the project targets ~205,000 tons of cathode annually in early years.