The Bayangol Iron Ore Project

Description

This is an iron ore mining project in northern Mongolia, in Selenge Province near the Mongolia–Russia transport corridor. On October 11, 2011, China Eximbank and Mongolia New La Le Gao Te Iron Mining LLC — a special purpose vehicle that was legally incorporated in Mongolia — signed a $200 million, long-term loan agreement for the La Le Gao Te Iron Ore Project in Mongolia.

Finance