Ann: Debt Financing Expressions of Interest Received for CEIP, page-11

THREE Chinese banks have formally lodged expressions of interest to fund the debt financing component of Iron Road’s $US4 billion Central Eyre Iron Project, which includes the mine, processing facilities, port, railway and other minor infrastructure.

Iron Road stakeholder engagement principal advisor Tim Scholz said the banks – Industrial and Commercial Bank of China, China Development Bank and China Construction Bank------------------- - included the two biggest banks in the world.

Mr Scholz said the China Railway Group had confirmed it would take about 50 per cent of the product (10-million tonne concentrate) each year from the completed mine.

Iron Road is waiting on a decision from the state government on its applications for a mining lease and associated infrastructure approvals.


http://www.portlincolntimes.com.au/story/4602150/chinese-banks-to-fund-iron-project/