China Eximbank in talks for $20 million working capital loan to Lao Kaiyuan Mining Co. Ltd. for the Lao Kaiyuan Potash Mine Project (linked to #64269, #64228)
Pledged amount
$ 23046763.140419476
Adjusted pledged amount
$ 23046763.140419476
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]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Laos
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Description
On March 27, 2017, Laos Kaiyuan Mining Co., Ltd. applied for a loan of US $20 million from the Export-Import Bank of China due to production and operation needs. Qingdao East Steel Tower Stock Co Ltd. would provide a maximum of RMB 150 million as guarantee for the loan of the Lao Kaiyuan Company in local and foreign currencies for 24 months. It remains unclear if any financing from China Eximbank reached the commitment stage for this project. It is linked to #64269, a 50 million RMB loan from CDB for the Lao Kaiyuan Potash Mine Project; and #64228, the $121.5 million loan from CDB for the Lao Kaiyuan Potash Mine Project.
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Lao Kaiyuan Mining Co., Ltd [Joint Venture/Special Purpose Vehicle]
Guarantee provider [Type]
Qingdao East Steel Tower Stock Co., Ltd. [Private Sector]