AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
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 the Japanese Sumitomo Corporation.
The loan will finance the Dutch subsidiary's development of the Sierra Gorda Copper Mine. These activities notably related to the Japanese company's acquisition of shares in the Sierra Gorda Copper Mine project.
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