We refer to recent media reporting that Adani was seeking financing from China for its Carmichael mine in Queensland, and some social media posts suggesting Industrial and Commercial Bank of China (ICBC)was a possible financier. ICBC has not been, and does not intend to be, engaged in arranging financing for this project. ICBC attaches great importance to its social responsibilities and keenly promotes 'green financing'. In Australia ICBC has provided financing to a series of renewable energy projects. This statement is made without any view on or prejudice towards the Carmichael Mine project. ICBC’s views do not necessarily reflect those of existing or future clients.
Industrial and Commercial Bank of China Limited
3 December 2017
AVZ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
