AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and Australian Mitsui & Co. Iron Ore Exploration & Mining Pty. Ltd has a maximum value of USD 172 million. The Australian company is a subsidiary of Japanese Mitsui & Co., Ltd.
The loan finances the Australian subsidiary's development of the Jimblebar Iron Ore Mine. Notably, JBIC provided a loan for the subsidiary in July 2013 to finance the acquisition of 7% interest in the mine, see related measure.
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.
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