Active Mixed AidData Chinese Aid

China Eximbank provides $200 million loan for La Le Gao Te Iron Ore Project

$200M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Mongolia New La Le Gao Te Iron Mining LLC
Country	Mongolia
Start Date	Oct 11, 2011
End Date	Aug 30, 2026
Duration	5,437 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`95738`

Grant Description

China Eximbank provides $200 million loan for La Le Gao Te Iron Ore Project On October 11, 2011, China Eximbank and Mongolia New La Le Gao Te Iron Mining LLC — a special purpose vehicle that was legally incorporated in Mongolia — signed a $200 million, long-term loan agreement for the La Le Gao Te Iron Ore Project in Mongolia.

On the same day, a collateral pledge agreement was signed and Ilo River Company (伊罗河公司成) pledged the following sources of collateral: a mining license (MV-008888), locomotives, and railway cars. The purpose of the project was to develop Bayangol iron ore deposit in the Yero sum area of the Selenge province.

📋 Staff Comments

The Chinese project title is 蒙古国拉勒高特铁矿项目.
Mongolia New La Le GaoTe Iron Mining Company Limited reported total assets of CNY 1.19 billion, revenues of CNY 876.83 million, total liabilities of CNY 1.91 billion, net liabilities of CNY 717.93 million and net loss of CNY 351.72 million in 2014.

📚 Sources & References

ZHONGRUN RESOURCES INVESTMENT CORPORATION (000506)
Zhong Lun Law Firm 2011 Annual Report
中润资源投资股份有限公司非公开发行A股股票募集资金使用的可行性分析报告, АЖ АХУЙН НЭГЖИЙН АНХААРАЛД ЭБМЗ-ИЙН “АШИГТ МАЛТМАЛЫН ХАЙГУУЛЫН АСУУДАЛ” ХЭЛЭЛЦЭХ САЛБАР ХХ-2018-14 ДҮГЭЭР ХУРАЛДААН 2018 ОНЫ 12 ДУГААР САРЫН 13-НЫ ӨДӨР 09 ЦАГТ АМГТГ-ын 1-Р БАЙРНЫ ХУРЛЫН ЗААЛАНД ЭХЭЛНЭ., 'Болд төмөр ерөө гол' компанийн нярав Г.Оюунсүрэн Хятад улсын иргэнийг залилжээ, “Б е г” ХХК, “И” ХХК-ийн нэхэмжлэлтэй захиргааны хэргийн тухай
中润资源：蒙古国色楞格省伊罗县伊罗河铁矿采矿权评估报告书
蒙古国色楞格省伊罗县伊罗河铁矿采矿权评估报告书
中润资源投资股份有限公司关于签署《意向合同书》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.