ANNOUNCEMENT 27 Nov 2013
On 27 November 2013, the Japan Bank for International Cooperation (JBIC) signed overseas investment loan agreements with Marubeni Corporation.
NUMBER OF INTERVENTIONS
The Japan Bank for International Cooperation, press release of 27 November 2013, Loan for Acquisition of Interest and Development of Antucoya Copper Mine in Chile: http://www.jbic.go.jp/en/information/press/press-2013/1127-15948
JBIC information on overseas investment loans: http://www.jbic.go.jp/en/finance/investment
The overseas investment loan agreements between JBIC and Japanese Marubeni Corporation has a maximum value of USD 479 million. The loan finances the Japanese company's acquisition of a 30% share in the Chilian Minera Antucoya from British Antofagasta PLC and hereafter for the development of the Antucoya Copper Mine under the "Antucoya Copper Mine Development Project in Region II of Chile". In this project, the Japanese company is expected to take delivery of 30% or 24,000 tonnes annually of copper cathodes.
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.