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Transaction disclosure

Our corporate responsibility

We are committed to transparency and accountability in all our dealings. We provide a wide range of information on our transactions via:

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

https://hailongoffshorewind.com

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:

environment@exportfinance.gov.au

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.

https://www.bciminerals.com.au/our-assets/mardie-salt.html

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
Project Sea Dragon
A large-scale, integrated, land-based prawn aquaculture project being developed in northern Australia.

https://seafarms.com.au/about-project-sea-dragon/ 

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:
https://seafarms.com.au/wp-content/uploads/2020/06/PSD-Stage-1-Access-to-Publicly-Available-Documents.pdf 

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:

  • biodiversity
  • water resources
  • environmental and social management
  • community health, safety and security
  • cultural heritage

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:

  • environmental and social management
  • labour and working conditions
  • community health, safety and security

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.
Development and construction of a greenfield copper/gold mine and associated processing facilities.

Mongolia Khanbogd District, Omnogovi Province

Mining

Project Finance

IFC Performance Standards (PS)

PS 1 to 6 and 8 were relevant.  Risk factors included:

  • water resources
  • social issues (engagement, resettlement, community development)
  • biodiversity

10th September 2012 to 2nd November 2012

Received from:

  • Bank Information Center (on behalf of six CSOs)
  • Human Rights Law Centre
  • Jubilee Australia
  • Oxfam Australia

Facility approved in December 2015