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: 31 Jul 2013 | Removal date: open ended
Still in force

Financial assistance in foreign market

The overseas investment loan agreement between JBIC and Mitsui & Co. Iron Ore Exploration & Mining Pty. Ltd has a maximum value of USD 436 million. The company is an Australian of Japanese Mitsui & Co., Ltd. The overseas investment loan agreement between JBIC and ITOCHU Minerals & Energy of Australia Pty Ltd has a maximum value of AUD 400 million (USD 358.50 million). ITOCHU Minerals & Energy of Australia Pty Ltd is an Australian subsidiary of Japanese ITOCHU Corporation.

The loan finances the Australian subsidiaries' purchase of 7% and 8% of interests, respectively, in the Australian Jimblebar Iron Ore Mine from BHP Iron Ore (Jimblebar) Pty Ltd.

Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank’s website under overseas investment loans.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

141 Iron ores & concentrates, other than roasted iron pyrites
2601 Iron ores and concentrates, including roasted iron pyrites.
260111 Nonagglomerated

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