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Montes del Plata, a joint venture between Stora Enso and Arauco, will draw on loans of up to US$1.35bn for its pulp project in Punta Pereiera, Uruguay. Arauco announced that the Inter-American Development Bank (IDB) and commercial banks will provide loans of up to US$600m to build the 1.3 million tpy pulp mill, as ...

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