Overview

Bank of China provides a $6,800,000 loan to Vale Brazil

Commitments (Constant USD, 2023)$6,973,762

Commitment Year•2014Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Dec 1, 2014

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

Bank of China provided a loan to Vale Brazil. More detailed locational information can be found at: https://www.openstreetmap.org/way/191319863

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 ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Vale S.A.

Loan description

Bank of China Loans $6,800,000 to Vale Brazil

Interest type•Unknown

Narrative

Full Description

Project narrative

In December 2014, the Bank of China loaned $6,800,000 to Vale Brazil, a Brazilian multinational corporation engaged in metals and mining. The loan terms and the use of the loan is unclear. The Brazil Central Bank lists the registration as complete, but the status of the loan is unclear.