Mongolian Bank Financing For The Mining Sector

Mongolian Bank Financing For The Mining Sector

Tim O’Neill, XacBank

Mongolian Bank Financing for the Mining Sector

Project Finance

Mongolian Mining Sector

Total investment requirement $ ?? bnTotal Borrowing requirement $ ?? bn• Oyu Tolgoi $ 4 bn• Mongolia Mining Corporation $.6 bn

Mongolian Banking Sector December 31 2011

Total Assets ₮ 9.4 tn $ 7 bnTotal Capital ₮677 bn $501 mmSingle Borrower Limit $100 mm

Source: Bank of Mongolia statistics and regulations

Mongolian Bank Finance for Mining Projects

•Small projects only•Syndication •Local working capital facilities•Employee loan programs

Mongolian Bank Financing for the Mining Sector

Supply Chain Financing

Mongolian Bank Finance for Mining Supply Chain

•Working Capital Finance•Advance Payment Guarantees•Term loans for capital investment•Potential Syndication

Mongolian Bank Finance for Mining Supply Chain

•Trade Finance•Import Letters of Credit• refinancing of letters of credit

•Employee loan programs

XacBank

•4th Largest Mongolian Bank• Nationwide coverage through 98 Branches and Business Service Centers• Specialized Mining Business Service Center•Participation Agreements•EBRD•State Bank

• Find out more about financing projects in Mongolia by downloading the event brochure for the 3rd Coaltrans Mongolia here.