ANNOUNCEMENT 01 Apr 2019

On April 1st, 2019, Japan Bank for International Cooperation (JBIC) announced a loan to Mitsubishi Corporation for the Copper Mine Development Project in Peru

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

JBIC (2019) Financing for Kejabeco copper mine development project in the Republic of Peru ペルー共和国・ケジャベコ銅鉱山開発事業に対する融資
Available at:
https://www.jbic.go.jp/ja/information/press/press-2019/0401-012041.html

Inception date: 01 Apr 2019 | Removal date: open ended
Still in force

Financial assistance in foreign market

On April 1st, 2019, Japan Bank for International Cooperation (JBIC) announced a loan of 500 million USD Mitsubishi Corporation Copper Mine Development Project in Peru. With this loan Mitsubishi will acquire 40% of the ownership within the copper mine. Mitsubishi plans on using the copper extracted from the Peruvian copper mine to supply their to domestic smelters in Japan. The copper will be used for electric wires, electric and electronic devices, automobiles, building materials produced by Mitsubishi Corperation. 

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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