Overview

CDB provides a $13.297 million AUD loan to Stone Resources Australia Limited for unspecified purposes

Commitments (Constant USD, 2023)$14,924,477

Commitment Year•2012Country of Activity•AustraliaDirect Recipient Country of Incorporation•AustraliaSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 30, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Stone Resources Australia Limited (SRAL)

Loan description

CDB provides a $13.297 million AUD loan to Stone Resources Australia Limited for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

Between July 1, 2011 and June 30, 2012, China Development Bank (CDB) committed a $13,297,700 AUD ($13,000,000 USD) loan to Stone Resources Australia Limited (SRAL) — an Australia-domiciled mining company that owns the BrightStar South Gold Project in Western Australia with its majority shareholder being Stone Resources Limited, a Hong Kong-based and listed mining company (65.77% stake) — for unspecified purposes.