Transaction disclosure

Transaction register pages image_1600jpg.jpg

We provide a wide range of information on our transactions via:

  • our transaction register
  • our Annual Report 
  • media releases
  • providing 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), including access to the project’s environmental and social impact assessment
  • an archive of transactions associated with Category A projects considered since 2000.

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 transactions associated with Category A projects that:

  • have a repayment term or policy length of two years or more, and
  • have a value of SDR10million 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

 

           

 

Anyone can comment on our potential involvement in a transaction associated with a Category A project by providing a submission before the end of the disclosure period. We will include the name of each organisation or individual that provides a submission in the register unless asked to consider the submission confidential.

You can send a submission online, by email to environment@efic.gov.au or write to:

Chief Credit Officer
Efic
Level 10, 22 Pitt Street
Sydney NSW 2000
Australia

Efic does not invite comment on its potential involvement in a Category A transaction 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 in PDF here and transactions from September 2012 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 Efic (3) Significant risk factors considered by Efic (3) Disclosure year and period Submissions Status (4)

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 Efic 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

Notes to table:

  1. According to ANZSIC division codes 2006.
  2. ‘Facility type’ is relevant only for transactions that Efic has supported.
  3. ‘Benchmark applied’ and 'Significant risk factors considered by Efic' is relevant only for transactions that Efic supported. Where a transaction did not proceed or is pending, benchmarking and risk considerations are not finalised.
  4. ‘Transaction did not proceed’ means that Efic has not financed or insured the transaction. This may have occurred for a range of reasons including the project itself may or may not have proceeded.