IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 24 Aug 2012 | Removal date: open ended
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

110 Coal & peat
2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
270119 Other coal

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