ANNOUNCEMENT 27 Jun 2017

The Australian government-funded Clean Energy Finance Corporation invested AUD 20 million in bonds issued by Pilgangoora Operations Pty Ltd.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Clean Energy Finance Corporation. Media. "CEFC commits $20M to WA lithium project boosting supply chain for electric vehicles and energy storage" Available at: https://www.cefc.com.au/media/files/cefc-commits-20m-to-wa-lithium-project-boosting-supply-chain-for-electric-vehicles-and-energy-storage/

Inception date: 27 Jun 2017 | Removal date: open ended

State loan

On 27 June 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the investment of AUD 20 million (USD 15 million) in bonds from Pilgangoora Operations Pty Ltd, who issued USD 100 million senior secured bond. The objective of the bond is to finance the development of a lithium-tantalum project located in Western Australia.

The purpose of the investment is to assist the supply chain for electric vehicles and energy storage industries.

Pilgangoora Operations Pty Ltd is a wholly-owned subsidiary of the local company ASX-listed Pilbara Minerals Limited.

AFFECTED SECTORS

 

AFFECTED PRODUCTS