China Eximbank provides loan for Bengkulu Coal Mine Project

In 2007, China Eximbank‘s Jiangxi Provincial branch issued a loan to Zhongding International Engineering Co. Ltd for the Bengkulu Coal Mine Project. The face value and the borrowing terms of the loan are unknown. The purpose of the project was to develop an underground coal mine in Bengkulu Province on the island of Sumatra (朋古鲁煤矿). Construction of the first well began in October 2007. Construction of the second well began in May 2009. Upon completion, the mine was expected to produce 1.2 million tons of coal a year. On March 31, 2018, the project was officially completed and handed over to its local owner. China Eximbank conducted an on-site, post-loan project inspection on May 26, 2018.

Additional details

1. The Chinese project title is 印尼朋古鲁煤矿 or 朋古鲁煤矿位 or 印尼朋古鲁煤矿投资合作开采项目 or 中鼎国际印尼朋古鲁煤矿二井及自备电厂项目. 2. Intent of project marked as mixed as loan provided was likely an overseas investment loan to support Zhongding's investment in constructing the coal mine.

Number of official sources

10

Number of total sources

14