CDB provides $1.365 billion loan to China Niobium Investment Holdings Limited for acquisition of minority stake in Companhia Brasileira de Metalurgia e Mineracao

¥1.37M RMB

Funder	China Development Bank (CDB)
Recipient Organization	China Niobium Investment Holdings Limited
Country	Brazil
Start Date	Jan 01, 2012
End Date	May 18, 2026
Duration	5,251 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`64580`

Grant Description

CDB provides $1.365 billion loan to China Niobium Investment Holdings Limited for acquisition of minority stake in Companhia Brasileira de Metalurgia e Mineracao In 2012, the Hong Kong Branch of China Development Bank (CDB) provided a $1.365 billion loan to China Niobium Investment Holdings Limited — a joint venture invested by a consortium consisting of 5 Chinese SOEs (CITIC Group, Anshan Iron & Steel Group Corporation, Baosteel Group Co., Ltd., Shougang Corporation and Taiyuan Iron & Steel (Group) Co., Ltd.) — for the acquisition of a minority stake in Companhia Brasileira de Metalurgia e Mineracao (CBMM), a privately held Brazilian miner of niobium.

📚 Sources & References

China Law and Practice Awards 2012
Acquisition Finance 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.