AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement signed on 24 August 2012 between JBIC and Sumisho Coal Australia Pty Limited has a value of AUD 147 million (USD 152.88 million). Sumisho Coal Australia Pty Limited is an Australian subsidiary of the Japanese Sumitomo Corporation.
The loan enables Sumitomo Corporation's acquisition of interest in Isaac Plains Coal Mine in Australia through its subsidiary Ocean Coal Mining Pty Limited. The Mine produces coking coal and thermal coal in open cut.
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