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2014/03/29

Rinehart wins Roy Hill funding with ECA support

(Business Spectator, Melbourne, 21 March 2014) Gina Rinehart has secured backing from a group of global banks and export credit agencies for a new $US10 billion ($A11.0bn) iron-ore mine that can feed Asian steel demand, just as miners like BHP Billiton scale back investments amid a broad...

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Country: Australia ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance Issue: Oil, Gas and Mining

2013/07/29

Australia’s Rinehart clears hurdles on $10 B iron ore project

(Reuters, Sydney, 18 July 2013) Australian mining magnate Gina Rinehart's $10 billion Roy Hill iron ore project has overcome key hurdles holding up debt negotiations, a move that could pave the way for the mine to start producing by September 2015, sources said on Thursday... Export credit...

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Country: Australia, Japan ECAs: Japan Bank for International Cooperation, Nippon Export and Investment Insurance Issue: Oil, Gas and Mining

2013/04/29

NGOs warn banks not to further finance PNG LNG project

(Banktrack, Nijegen, 18 April 2013) A coalition of seven NGOs (BankTrack, Jubilee Australia, Pacific Environment, Act Now! PNG, Mineral Policy Institute, International Accountability Project and Friends of the Earth France) today sent a letter to seventeen banks that are already involved in the...

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Country: Australia, China, Italy, Japan, USA ECAs: EXIM Bank China, Export Finance and Insurance Corporation, Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A. Issue: Oil, Gas and Mining Member: Les Amis de la Terre,