McEwen's (MUX) McEwen Copper is in early-stage discussions with several global lenders to seek about $4 billion in financing for its Los Azules project in Argentina, Bloomberg reported Tuesday, citing managing director Michael Meding.

The company is in talks with US Export-Import Bank and US International Development Finance, as well as financial groups from Europe and Japan, the report said.

The total financing sought by the company includes $3.2 billion for capital expenditures, with a target mix of 30% to 40% in equity and the remainder in debt, Bloomberg said.

McEwen Copper is also consulting potential advisers for a planned initial public offering to raise at least $300 million, Bloomberg cited McEwen Mining Chairman Rob McEwen as saying. McEwen Mining is the company's largest shareholder.

US Export-Import Bank and US International Development Finance did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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