Project ID: 60431

Bank of China loans $20,040,000 to Vale S.A.

Commitment amount

$ 22605852.505884293

Adjusted commitment amount

$ 22605852.505884293

Constant 2021 USD

Not recommended for aggregates

This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Cancelled (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-09-01

Actual start

2013-09-01

Description

In September 2013, Bank of China Ltd (Jiangsu Branch) loaned $20,040,000 USD to Vale S.A., a Brazilian metals and mining company. The loan terms and the use of the loan is unclear. The Brazil Central Bank lists the registration as cancelled, but the status of the loan is unclear.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Vale of Brazil [Private Sector]

Loan Details

Bilateral loan