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EBRD finances mining services in Mongolia

22 February 2010

The European Bank for Reconstruction and Development is to provide financing to Leighton Mongolia to offer services for at least two Mongolian projects.

Read more: [EBRD Mongolia] [ Leighton Mongolia EBRD] [Leighton Mongolia mining projects]

The European Bank for Reconstruction and Development (EBRD) is to provide financing of up to $35 million to the contract mining company Leighton Mongolia to offer contract mining services to the sponsors of at least two Mongolian projects.

Through the proposed financing, the EBRD will...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010