Milbank LLP advised Corporación Nacional del Cobre de Chile (“Codelco”), a Chilean state-owned copper mining company, in connection with a $600 million credit facility guaranteed by the Multilateral Investment Guarantee Agency (“MIGA”). This transaction allows Codelco to receive from MIGA a refund for prepayments of the loan under the credit agreement. The proceeds of the transaction will be used to support Codelco’s mission to transition to a 100 percent renewable energy mix by 2030. The Milbank deal team was led by Corporate Finance and Securities partner Adam Brenneman with special counsel Gonzalo Guitart and associate Simone Arthur.