Completed Mixed AidData Chinese Aid

CDB provides RMB 50 million loan for Lao Kaiyuan Potash Mine Project (Linked to Record ID#64228, #64227)

¥50M RMB

Funder	China Development Bank (CDB)
Recipient Organization	Lao Kaiyuan Mining Co., Ltd
Country	Lao People's Democratic Republic
Start Date	Aug 02, 2012
End Date	Feb 18, 2032
Duration	7,139 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64269`

Grant Description

CDB provides RMB 50 million loan for Lao Kaiyuan Potash Mine Project On December 29, 2011, China Development Bank and Lao Kaiyuan Mining Co., Ltd. (老挝开元矿业有限公司) signed a $121.5 loan agreement (ID#5110201101100000033) for the Lao Kaiyuan Potash Mine Project (as captured via Record ID#64228).

The term of this USD-denominated loan is from December 29, 2011 to December 30, 2023. The loan carries an interest rate of 6-month LIBOR plus a 4.2% margin.

Then, on August 2, 2012, China Development Bank and Lao Kaiyuan Mining Co., Ltd. signed a supplementary loan agreement (ID#5110201201100000203) worth RMB 50 million for the Lao Kaiyuan Potash Mine Project (as captured via Record ID#64269). This RMB-denominated loan carries an interest rate equivalent to the benchmark RMB interest rate.

Qingdao East Steel Tower (东方铁塔) issued guarantees for both loans.

The purpose of the project was to build a mine in Thakhek district and Khammouane Province with the capacity to produce 500,000 tons of potassium chloride each year. The project commenced in January 2011 and was completed in 2013.

📋 Staff Comments

This project is linked to a $20 million loan pledge from China Eximbank (captured in Project ID#64227) for the Lao Kaiyuan Potash Mine Project.
Lao Kaiyuan Mining Co., Ltd. is a 100% Chinese-owned enterprise with mining operations located in Khammouane Province, Lao PDR. The company is currently developing Asia’s largest potash mine in terms of proved and probable potash reserves. The company is a subsidiary of Kaiyuan Potash Group Limited, a Hong Kong-registered entity.
For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

老挝开元公司一期项目投料试车成功
新闻中心
国开行领导视察老挝开元公司
Lao Kaiyuan and China Development Bank officially signed strategic cooperation agreement
UPDATE: Sichuan Kaiyuan Group Plans to Raise Around US$300M in HK IPO -Sources
Sichuan Kaiyuan Group Plans to Raise Around US$300M in HK IPO - Sources
Example of work completed:
Deal List: Focus on Energy
Mining and Infrastrcuture
四川省汇元达钾肥有限责任公司备考合并财务报告审阅报告
国开行携手老挝政府助推“一带一路”发展
青岛东方铁塔股份有限公司关于为子公司国开行贷款提供担保的公告
东方铁塔：关于为子公司国开行贷款提供担保的公告 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.