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Hochschild unit may lend up to 55 mln usd for Minera Santa Cruz San Jose project.

Europe Intelligence Wire

| November 20, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AFX Europe (Focus))

SPOKANE, WA (AFX) - Minera Andes Inc said Hochschild Mining PLC's subsidiary, Lorenzon Ltd, is finalizing terms and conditions under which it will provide the remaining financing to complete the construction of the San Jose project.

The facility to Minera Santa Cruz SA (MSC), a company owned 49 pct by Minera Andes and 51 pct by Hochschild, will provide a project finance loan of up to 55 mln usd for the completion of mine construction at the San Jose silver/gold project in Argentina scheduled for production late in the first half of 2007.

While the final documentation is being completed on the 55 mln usd facility with …

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