Ex-Im Bank Seeks Comments on $650 Million Loan Application for Mining Exports

The Export-Import Bank is seeking comments on an application for $650 million in financial aid to support the export of $522 million worth of mining equipment to Australia. The repayment term of the financial aid -- in the form of a long-term guarantee or direct loan -- is 8.5 years. The exports will allow the Australian mining company to produce a maximum capacity of 55 million metric tons of iron ore each year, to be consumed in Asian markets. Those wishing to submit comment can email economic.impact@exim.gov.