Overview

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 Record ID#64269, #64228)

Commitments (Constant USD, 2023)$21,282,528

Commitment Year•2017Country of Activity•Lao People's Democratic RepublicDirect Recipient Country of Incorporation•Lao People's Democratic RepublicSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 27, 2017

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% Chinese ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Lao Kaiyuan Mining Co., Ltd

Guarantors

Private Sector

Qingdao East Steel Tower Stock Co., Ltd.

Loan desecription

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 Record ID#64269, #64228)

Interest type•Unknown

Narrative

Full Description

Project narrative

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 Record ID#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.