Select Page

Minera IRL Limited (BVL: MIRL), Lima, Peruvian gold producer, reported that it has led a claim for damages in its arbitration proceeding against COFIDE, before the Arbitration Court in Lima.

The proceeding is for the company to be able to orderly pay the US$70 million credit loaned by COFIDE for the development of the gold project Ollachea (Puno), in 2015, and which repayment term expired in 2017.

“Minera IRL continues to be engaged in conversations with potential investors in an effort to re nance the COFIDE bridge loan. The company remains open to solve the issue with COFIDE”, Minera IRL said.