Ex-Im Bank Eyes US Jobs Boost With $694M Aussie Mine Loan

Law360, New York (December 19, 2013, 3:52 PM EST) -- The U.S. Export-Import Bank said Thursday it will loan $694.4 million to Australian miner Roy Hill Holdings, in a deal that is expected to support thousands of U.S. jobs, as the deal hinges on the miner purchasing U.S. equipment.

According to a Thursday press release from Ex-Im Bank, the deal will support about 3,400 U.S. jobs due to a stipulation that says the loan will only be paid if Roy Hill purchases mining and rail equipment from U.S. companies Caterpillar Inc., General Electric and Atlas Copco...
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