Overview

China Eximbank provides RMB 10 million loan for Zérégbo Gold Mining Development Project

Commitments (Constant USD, 2023)$2,863,383

Commitment Year•2000Country of Activity•Cote d'IvoireDirect Recipient Country of Incorporation•Cote d'IvoireSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Mar 14, 2000

First repayment: Dec 30, 2004

Last repayment: Dec 28, 2014

Geospatial footprint

Map overview

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This project involved the development of a gold mine in the village of Zérégbo, which is located in the central-western part of the country. More detailed locational information can be found at https://www.openstreetmap.org/node/3106156714

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 Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned companies

Societe pour le Developpement Minier de la Cote d'Ivoire (SODEMI)

Implementing agencies

State-owned companies

Societe pour le Developpement Minier de la Cote d'Ivoire (SODEMI)

Loan desecription

China Eximbank provides RMB 10 million loan for Zérégbo Gold Mining Development Project

Grace period•5 yearsGrant element•41.4363%Interest rate (t₀)•3%Interest type•Fixed Interest RateMaturity•15 years

Narrative

Full Description

Project narrative

On March 14, 2000, China Eximbank issued an RMB 10 million loan to Société d'Etat pour le Développement Minier de Côte d'Ivoire (SODEMI) — a state-owned mining company in Cote d'Ivoire — for the Zérégbo Gold Mining Development Project. The loan reportedly carried the following terms: a 15-year maturity, a 5-year grace period, and a 3% interest rate. The proceeds of the loan were used to develop a gold mine in the village of Zérégbo, which is located in the central-western part of the country. The project was reportedly completed. However, it precise project implementation start and end dates are unknown.

Staff comments

1. According to SAIS-CARI's Chinese Loans to Africa Database, this China Eximbank loan was issued in 2001. This issue warrants further investigation.