Global Trade Alert
Global Trade Alert

Japan: JBIC announces USD 300 million loan agreement with with Mitsui Iron Ore Development (MIOD)

Announcement

09 Mar 2026

In March 2026, the Japan Bank for International Cooperation signed a USD 300 million loan agreement with Mitsui Iron Ore Development (MIOD) to partially finance its acquisition of a 40% stake in the Rhodes Ridge iron mine in Australia.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Mar 2026

Revocation date:

No revocation date

Announced: 09 Mar 2026
Financial assistance in foreign market In force

Recent update from 20 Mar 2026:

On 9 March 2026, the Japan Bank for International Cooperation (JBIC) signed a USD 300 million loan agreement with Mistui Iron Ore Development (MIOD). The loan aims to finance Mitsui's acquisition o...

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