Global Trade Alert
Global Trade Alert

Japan: JBIC signs two loan agreements to support Japanese companies' overseas copper mine development activities

Announcement

15 Aug 2012

In August 2012, the Japan Bank for International Cooperation (JBIC) signed two overseas investment loan agreements with Sumitomo Corporation and SC Sierra Gorda Finance BV. to support their activities in connection with Sierra Gorda Copper Mine Project in Chile.

Notably, JBIC has already supported this project in March 2012 through a project financing loan, see related measure. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Aug 2012

Revocation date:

No revocation date

Updated: 15 Aug 2012
Financial assistance in foreign market In force

The overseas investment loan agreement signed on 24 August 2012 between JBIC and Japanese Sumitomo Corporation has a value of USD 130 million.

The loan signed with Sumitomo Corporation...

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Implementation date

15 Aug 2012

Revocation date:

No revocation date

Updated: 15 Aug 2012
Financial assistance in foreign market In force

On 15 August 2012, the overseas investment loan agreement between JBIC and SC Sierra Gorda Finance BV. has a value of USD 84 million. SC Sierra Gorda Finance BV. is a Dutch subsidiary of ...

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