Project ID: 694

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

Commitment amount

$ 2690829.8789999997

Constant 2017 USD

Summary

Funding agency [Type]

Export-Import Bank of China [State-owned Policy Bank]

Recipient

Cote d'Ivoire

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Concessional

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

ODA-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment year

2000

Geography

Description

According a French Institute of Geopolitics document (p. 471), on 14 March 2000, China Eximbank issued an RMB 10 million (CFAF 300 billion or €450 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 (see also: Mining Journal article). This loan carried the following terms: 15-year maturity, 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. This project was reportedly completed. However, it precise project implementation start and end dates are unknown.

Additional details

Note that the Chinese Loans to Africa Database says this loan was issued in 2001.

Number of official sources

1

Number of unofficial sources

2

Download the dataset

Details

Cofinanced

No

Receiving agencies [Type]

Societe pour le Developpement Minier de la Cote d'Ivoire (SODEMI) [State-owned Company]

Implementing agencies [Type]

Societe pour le Developpement Minier de la Cote d'Ivoire (SODEMI) [State-owned Company]

Loan type

Concessional

Maturity

15 years

Interest rate

3.0%

Grace period

5 years

Grant element

41.43627952%

Gurarantee provided

No

Insurance provided

No