Coal financing

Bank of China has been supporting destructive coal businesses in 18 countries around the world. These coal projects and coal companies have been or are in line to be funded by Bank of China1.

Please note that values are presented in loan or deal transaction amount at package/facility level. Bank of China’s contribution/commitment to each loan facility may vary from entire transaction value.

wdt_ID Name of Coal Project/Company Power Capacity (If applicable) Location Finance Type Transaction Value* (USD million)
1 Acquisition of Felix Resources Ltd by China's Yahzhou Coal Mining Co Ltd Australia Corporate Finance 3,032
2 AGL Energy Ltd Additional Facility 2014 Australia Corporate Finance 93
3 AGL Energy Ltd Australia Corporate Finance 411
4 Coronado Global Resources Refinancing Australia Corporate Finance 806
5 Millmerran Coal-Fired Power Plant Refinancing 2018 850 MW Australia Project Finance 462
6 Millmerran Coal-Fired Power Plant Refinancing 2015 850 MW Australia Project Finance 600
7 Newcastle Coal Export Terminal Stage 2 Australia Project Finance 2,409
8 Newcastle Coal Export Terminal Stage 2F Australia Project Finance 2,949
9 Whitehaven Coal Refinancing 2020 Australia Corporate Finance 667
10 Wiggins Island Coal Export Terminal Financing Australia Project Finance 3,007

[1] According to information collected as of December 2020 from Thomson Reuters Eikon, IJGlobal and various financial journals, companies’ public disclosures, and news reports for deals with Bank of China involvement. The above list includes loans and deals with financial close dates between 1 January 2008 to 31 December 2020, as well as announced deals where financial close has not been reached as of 31 December 2020.

* Values are presented in loan or deal transaction amount at package/facility level. Bank of China’s contribution/commitment to each loan facility may vary from entire transaction value

** Bank of China is reported to be involved, or financial close has not reached (as of June 2021)