Global Trade Alert
Global Trade Alert

Australia: NAIF invests AUD 175 million in Pembroke Resources’ Olive Downs Coking Coal Project

Announcement

01 Jul 2021

On July 1st, 2021, the Australian government-funded Northern Australia Infrastructure Facility (NAIF) has announced the approval of a loan to Pembroke Resources.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

01 Jul 2021

Revocation date:

No revocation date

State loan In force

On July 1st, 2021, the Australian Government-funded Northern Australia Infrastructure Facility (NAIF) approved a loan of AUD 175 million (USD 131 million) to Pembroke Resources, an acquirer and develo...

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Implementation date

01 Jul 2021

Revocation date:

No revocation date

Local value added incentive In force

On 1 July 2021, the Northern Australian Infrastructure Facility (NAIF) committed AUD 175 (USD 131) million to Pembroke Resources, an acquirer and developer of steelmaking coal assets. The funding will...

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