Transaction disclosure
We are committed to transparency and accountability in all our dealings. We provide a wide range of information on our transactions via:
- our transaction register
- our Annual Report
- media releases
- an archive of transactions associated with Category A projects.
We also provide details of our potential involvement in transactions associated with a project that has potential for significant adverse environmental and/or social impacts (Category A project). This includes access to the project’s environmental and social impact assessment.
Relevant Export Finance Australia sovereign lending, including lending undertaken in conjunction with Australian Infrastructure Financing Facility for the Pacific, is also disclosed as part of Australian Government reporting, accessible via the Treasury here.
Category A projects
Category A projects are those that we consider to have potential for significant adverse environmental and/or social impacts.
Our Category A project register discloses our potential involvement in these types of transactions that:
- have a repayment term or policy length of two years or more
- have a Special Drawing Rights (SDR) value of $10 million or more. The monetary limit does not apply to projects in sensitive areas.
Category A project register
The table below shows transactions associated with Category A projects that we are currently considering.
|
Project name and description |
Location |
Industry Sector |
Facility Type |
Reasons for classification |
Project sponsor's environmental and social assessment |
Disclosure period |
Submissions |
|
|
Vulcan Energy Resources Phase One - Zero Carbon Lithium ProjectTM Located in the Rhine Valley south of Frankfurt, Germany. The project is a combined geothermal energy and lithium operation. The project will produce both renewable energy and lithium from the same sub-subsurface brine source. |
Germany |
Mining, Energy and Manufacturing |
Project Finance (Officially supported export credit tied to Australian exports) |
The Project involves the manufacture of chemicals on an industrial scale. The key potential impacts identified by the ESIA include impacts related to climate change, induced seismicity, groundwater, noise, biodiversity, traffic, and dust. The potential for cumulative and transboundary impacts have also been identified. Category A
|
ESIA is available here:
|
23 October to 22 November 2024 |
Pending |
|
|
Arafura Rare Earths The Nolans Project will encompass a mine, process plant (comprising beneficiation, extraction and separation plants) and related infrastructure to be constructed and located, 135 kilometres north of Alice Springs in Australia’s Northern Territory. |
Australia |
Mining |
Project Finance |
- Project was assessed through the NTEPA and Commonwealth EPBC processes - For a project of this nature and scale, the mining and processing has the potential for significant impacts on the environment. Category A |
Project assessment documents posted here: https://www.arultd.com/projects/nolans/environmental-impact-statement/ |
1 November 2023 to 30 November 2023 |
N/A |
|
|
Ørsted 583MW Greater Changhua Northwest Offshore Wind Farm An offshore wind farm comprising 42 turbines to generate 583MW of renewable power, including a 600MW offshore substation, a 920MW onshore substation, and connection to the grid via export cable. Located 56km from the shoreline of Changhua county, Taiwan. https://orsted.tw/en/renewable-energy-solutions/offshore-wind/our-projects |
Taiwan |
Electricity, Gas, Water and Waste Services |
Project Finance |
· All IFC PS are relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). · The Project includes submarine cables crossing of areas classified as Critical Habitat. · The Project is one of multiple projects being developed in the area, which presents a potential risk of cumulative impacts to the environment. · There is potential risk of economic displacement due to the reduced access to fishing grounds during construction. Category A |
ESIA is available here: https://orsted.tw/en/renewable-energy-solutions/eia-documents To make submissions please email your response to: |
12 May to 11 June 2023 |
Pending |
Anyone can comment on our potential involvement in a transaction associated with a Category A project located outside Australia before the end of the disclosure period. We will include in the register the name of each organisation or individual that provides a submission, unless asked to consider the submission as confidential.
To comment on potential involvement in transactions located outside of Australia, individuals may send a submission online, by email to environment@exportfinance.gov.au or in writing to:
Chief Credit Officer
Export Finance Australia
Level 10, 22 Pitt Street
Sydney NSW 2000
Australia
We do not invite comment on our potential involvement in Category A transactions located in Australia. This is to avoid potential confusion with the disclosure requirements of the various levels of Australian Government.
Updates to Category A project register
To receive an email notification when new transactions are added to the register, please provide your details here.
Category A project archive
We maintain a list of transactions associated with Category A projects that we have considered since 2000. This list is in two parts. The archive from 2000 to August 2012 is available as a PDF here and transactions from September 2012 to today are provided in the table below.
For Category A transactions that we are currently considering, please refer to the Category A project register above.
|
Project name and description |
Location |
Industry sector (1) |
Facility type (2) |
Benchmark applied by Export Finance Australia (3) |
Significant risk factors considered by Export Finance Australia (3) |
Disclosure year and period |
Submissions |
Status (4) |
|
BCI Minerals Limited Mardie Project A large-scale, integrated, salt and sulphate of potash (SOP) operation, and associated export facility approximately 100 km southwest of Karratha, Western Australia. |
Australia |
Mining |
Project Finance |
IFC Performance Standards (PS) Category A Finance |
The Project to be assessed through a public review of the Environmental Review Document reflecting the significance of potential impacts to key stakeholders. The Project footprint being located on lands of cultural significance; and The scale and duration of the Project.
Project assessment documents posted here: https://www.bciminerals.com.au/sustainability/mardie-project-public-environmental-review.html |
6 January 2021 to 6 February 2021 |
N/A |
Facility approved in February 2024 |
|
Hai Long Hai Long Offshore Wind Farm, Taiwan |
Taiwan |
Electricity, Gas, Water and Waste Services |
Project Finance |
All IFC PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). Category A |
The large-scale offshore nature of the Project. Potential for biodiversity impacts – onshore and offshore. Potential economic displacement of local fisheries. ESIA is available here: |
1 July 2022 to 30 July 2022 |
Nil |
Facility approved in June 2023 |
|
Perdaman Urea Project Located 8km from Dampier, Western Australia. A urea manufacturing facility with a production capacity of approximately 2 million tonnes per annum, including pipeline infrastructure for feedstock from an adjacent LNG facility and offtake infrastructure to Dampier Port for export. https://perdaman.com.au/perdaman-industries-chemicals-fertilisers/ |
Australia |
Manufacturing |
Project Finance |
IFC Performance Standards (PS) |
The Project involves the manufacture of fertiliser on an industrial scale. The Project footprint being located within and in close proximity to sensitive areas of cultural significance. Estimated greenhouse gas (GHG) emissions for the Project are above the threshold for designation of a large facility under the Australian Government's Safeguard Mechanism. ESIA is available here: |
1 March 2023 to 30 March 2023 |
N/A |
Facility approved April 2023 |
|
Seafarms Group Limited |
Australia |
Agriculture, Forestry and Fishing |
Project Finance |
Large scale aquaculture project across multiple locations in Australia. Category A |
Project Assessment and Approvals documents posted here: |
3 September 2020 to 5 October 2020 |
N/A |
Transaction did not proceed. |
|
Mantos Copper S.A Mantoverde Copper Mine Brownfield Expansion of existing mine. |
Chile |
Mining |
Project Finance |
IFC Performance Standards (PS) |
All PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). Risk factors considered by Export Finance Australia included:
|
26 August 2020 to 24 September 2020 |
Nil |
Facility approved in October 2020 |
|
SNE Field Development Phase 1 Development and construction of an offshore oil and gas field. Includes FPSO for transfer of oil to shipping tankers. |
Senegal, Africa Offshore |
Oil & Gas |
N/A |
N/A |
N/A |
14 March to 14 April 2019. |
The Australia Institute One combined submission from; ActionAid Australia, Caritas Australia, Jubilee Australia |
Transaction did not proceed. |
|
Mina Justa Copper Mine Construction and operation of a greenfield copper mine and associated facilities. |
Peru |
Mining |
Project Finance |
IFC Performance Standards (PS) |
All PS were relevant except PS5 (Land acquisition and involuntary resettlement) and PS7 (Indigenous Peoples). Risk factors considered by Export Finance Australia included:
|
16 May to 17 June 2018 |
Jubilee Australia |
Facility approved in June 2018 |
|
Boikarabelo Coal Mine Development and construction of a greenfield coal mine and associated coal processing and rail transport facilities. |
South Africa |
Mining |
N/A |
N/A |
N/A |
12th Sept to 12th Oct 2016 and 24th Sept to 24th Oct 2014 |
Three (2nd disclosure) |
Transaction did not proceed. |
|
Oyu Tolgoi Copper-Gold Mine. |
Mongolia Khanbogd District, Omnogovi Province |
Mining |
Project Finance |
IFC Performance Standards (PS) |
PS 1 to 6 and 8 were relevant. Risk factors included:
|
10th September 2012 to 2nd November 2012 |
Received from:
|
Facility approved in December 2015 |