Loans for Iron Ore Mine Interests Acquisition and Development Project
Supporting the securing of mineral resources and participation in overseas iron ore mine development by Japanese companies

  • Area: Oceania
  • Energy and Natural Resources

JBIC signed loan agreements with Mitsui & Co. Iron Ore Exploration & Mining Pty. Ltd. (MIOE), an Australian subsidiary of Mitsui & Co., Ltd., and ITOCHU Minerals & Energy of Australia Pty Ltd (IMEA), an Australian subsidiary of ITOCHU Corporation, to provide funds for MIOE and IMEA to acquire a partial interest in the Jimblebar Iron Ore Mine in Australia from the Australian company BHP Iron Ore (Jimblebar) Pty Ltd. JBIC has also provided part of the necessary funds for MIOE to develop the Jimblebar Mine. Through these loans, JBIC will contribute to securing a long-term stable supply of mineral resources for Japan.

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