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Ex-Im Bank Asked to Finance Exports of Mining Equipment to Australia

Thursday, May 23, 2013
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States has received an application for a $650 million long-term guarantee or direct loan to support the export of approximately $522 million worth of mining equipment to Australia. These exports will enable the Australian mining company to establish a maximum production capacity of 55 million metric tons of iron ore per year, and available information indicates that this iron ore will be consumed in Asian markets, including China, Japan, Korea and Taiwan. Interested parties may submit comments on this transaction by e-mail no later than June 6.

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