Ex-Im Aims To Put $5B Into Aussie Mining, Energy Projects

Law360, New York (August 14, 2012, 1:57 PM EDT) -- The U.S. Export-Import Bank said Tuesday that it will almost double its lending to Australia by the end of the year, news sure to hearten miners scrambling for funds and energy firms pursuing big natural gas projects in the country.

On his first trip to Australia, Ex-Im President Fred Hochberg said the bank could increase its $3.15 billion portfolio to $5 billion by the end of the year. He also said the bank is in talks with mining giant Roy Hill Holdings Ltd. over funding for...
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