Loan for Acquisition of Interests in and Development of an Iron Ore Mine Project
Supporting Japanese Companies to Secure Mineral Resources and Participate in Large Scale Overseas Iron Ore Mine Development

  • Area: Oceania
  • Energy and Natural Resources

JBIC signed a loan agreement with Marubeni Iron Ore Australia Pty. Ltd. (MIOA), an Australian subsidiary of Marubeni Corporation. The loan will provide the necessary funds for MIOA to acquire interests in the Roy Hill Iron Ore Mine Project, operated by the Australian company Roy Hill Holdings Pty Ltd (RHH) with capital from Marubeni Corporation and other foreign companies, and undertake mine and mine-related infrastructure development. Roy Hill Mine produces high-grade iron ore, so there are high expectations among Japanese steel mills in particular that this project will eventually provide them with a stable supply of this high-grade iron ore.
 

 

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