
Transaction disclosure
We are committed to transparency and accountability in all our dealings. We provide a wide range of information on our transactions via:
- our transaction register
- our Annual Report
- media releases
- an archive of transactions associated with Category A projects.
We also provide details of our potential involvement in transactions associated with a project that has potential for significant adverse environmental and/or social impacts (Category A project). This includes access to the project’s environmental and social impact assessment.
Category A projects
Category A projects are those that we consider to have potential for significant adverse environmental and/or social impacts.
Our Category A project register discloses our potential involvement in these types of transactions that:
- have a repayment term or policy length of two years or more
- have a Special Drawing Rights (SDR) value of $10 million or more. The monetary limit does not apply to projects in sensitive areas.
Category A project register
The table below shows transactions associated with Category A projects that we are currently considering.
Project name and description |
Location |
Industry Sector |
Facility Type |
Reasons for classification |
Project sponsor's environmental and social assessment |
Disclosure period |
Submissions |
Hai Long Hai Long Offshore Wind Farm, Taiwan |
Taiwan |
Electricity, Gas, Water and Waste Services |
Project Finance |
· All IFC PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). · The large-scale offshore nature of the Project. · Potential for biodiversity impacts – onshore and offshore. · Potential economic displacement of local fisheries. Category A |
ESIA is available here: Hai Long Offshore Wind Environmental and Social Impact Assessment Non-Technical Summary To make submissions please email your response to: |
1 July 2022 to 30 July 2022 |
Pending |
BCI Minerals Limited Mardie Project A large-scale, integrated, salt and sulphate of potash (SOP) operation, and associated export facility approximately 100 km southwest of Karratha, Western Australia. |
Australian |
Mining |
Project Finance |
· The Project to be assessed through a public review of the Environmental Review Document reflecting the significance of potential impacts to key stakeholders. · The Project footprint being located on lands of cultural significance; and · The scale and duration of the Project. Category A |
Project assessment documents posted here: https://www.bciminerals.com.au/sustainability/mardie-project-public-environmental-review.html |
6 January 2021 to 6 February 2021 |
N/A |
Anyone can comment on our potential involvement in a transaction associated with a Category A project located outside Australia before the end of the disclosure period. We will include in the register the name of each organisation or individual that provides a submission, unless asked to consider the submission as confidential.
To comment on potential involvement in transactions located outside of Australia, individuals may send a submission online, by email to environment@exportfinance.gov.au or in writing to:
Chief Credit Officer
Export Finance Australia
Level 10, 22 Pitt Street
Sydney NSW 2000
Australia
We do not invite comment on our potential involvement in Category A transactions located in Australia. This is to avoid potential confusion with the disclosure requirements of the various levels of Australian Government.
Updates to Category A project register
To receive an email notification when new transactions are added to the register, please provide your details here.
Category A project archive
We maintain a list of transactions associated with Category A projects that we have considered since 2000. This list is in two parts. The archive from 2000 to August 2012 is available as a PDF here and transactions from September 2012 to today are provided in the table below.
For Category A transactions that we are currently considering, please refer to the Category A project register above.
Project name and description |
Location |
Industry sector (1) |
Facility type (2) |
Benchmark applied by Export Finance Australia (3) |
Significant risk factors considered by Export Finance Australia (3) |
Disclosure year and period |
Submissions |
Status (4) |
Seafarms Group Limited |
Australia |
Agriculture, Forestry and Fishing |
Project Finance |
Large scale aquaculture project across multiple locations in Australia. Category A |
Project Assessment and Approvals documents posted here: |
3 September 2020 to 5 October 2020 |
N/A |
Transaction did not proceed. |
Mantos Copper S.A Mantoverde Copper Mine Brownfield Expansion of existing mine. |
Chile |
Mining |
Project Finance |
IFC Performance Standards (PS) |
All PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). Risk factors considered by Export Finance Australia included:
|
26 August 2020 to 24 September 2020 |
Nil |
Facility approved in October 2020 |
SNE Field Development Phase 1 Development and construction of an offshore oil and gas field. Includes FPSO for transfer of oil to shipping tankers. |
Senegal, Africa Offshore |
Oil & Gas |
N/A |
N/A |
N/A |
14 March to 14 April 2019. |
The Australia Institute One combined submission from; ActionAid Australia, Caritas Australia, Jubilee Australia |
Transaction did not proceed. |
Mina Justa Copper Mine Construction and operation of a greenfield copper mine and associated facilities. |
Peru |
Mining |
Project Finance |
IFC Performance Standards (PS) |
All PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). Risk factors considered by Export Finance Australia included:
|
16 May to 17 June 2018 |
Jubilee Australia |
Facility approved in June 2018 |
Boikarabelo Coal Mine Development and construction of a greenfield coal mine and associated coal processing and rail transport facilities. |
South Africa |
Mining |
N/A |
N/A |
N/A |
12th Sept to 12th Oct 2016 and 24th Sept to 24th Oct 2014 |
Three (2nd disclosure) |
Transaction did not proceed. |
Oyu Tolgoi Copper-Gold Mine. |
Mongolia Khanbogd District, Omnogovi Province |
Mining |
Project Finance |
IFC Performance Standards (PS) |
PS 1 to 6 and 8 were relevant. Risk factors included:
|
10th September 2012 to 2nd November 2012 |
Received from:
|
Facility approved in December 2015 |