Loan for Expansion of One of Bolivia's Largest Mines
Supporting a Japanese company's mine expansion project and the securing of a long-term stable supply of mineral resources
- Area: Latin America and the Caribbean
- Energy and Natural Resources
JBIC signed a loan agreement with the Bolivian company Minera San Cristobal S.A. (MSC), a wholly owned subsidiary of Sumitomo Corporation, to provide the necessary funds for MSC's further expansion of the San Cristobal Zinc, Lead and Silver Mine, one of Bolivia's largest mines. JBIC will bear the political risk, thereby alleviating the local risk that accompanies the overseas business deployment of the Japanese company. Japan is dependent on imports for all zinc and lead concentrates used in zinc and lead metals, so this loan will contribute to securing the long-term stable supply of strategically important resources for Japan.