Ex-Im Bank Announces Receipt of Application To Guarantee $20 Million in Financing of U.S. Iron Ore Equipment Exports
November 19, 2009In a notice (PDF) published in the Federal Register on November 18, the Export-Import Bank of the United States (Ex-Im Bank) announced it has received an application to guarantee approximately $20 million in commercial bank financing for the export of approximately $22 million of U.S. iron ore mining equipment to Ukraine. The U.S. exports will enable the Ukrainian company to produce approximately 10 million metric tons of iron ore pellets per year during the 7-year repayment term of the loan. Available information indicates that this new Ukrainian iron ore production will be consumed in the Ukraine, Europe, China, and India.
Interested parties may submit comments on this transaction to economic.impact@exim.gov or by mail to 811 Vermont Avenue, NW., Room 1238, Washington, DC 20571 by December 2, 2009.
