Historic First! Australian Mining Giant Secures 14.2 Billion Chinese Loan!
Australian mining giant FMG announced it has obtained a 14.2 billion yuan (about 2 billion US dollars) loan, which is the first time an Australian company has received a RMB syndicated loan, provided by international financial institutions such as China Bank and Industrial and Commercial Bank of China.
This money will be used for FMG's green technology revolution, advancing its decarbonization plan, phasing out high-pollution equipment, cooperating with Chinese technology companies, purchasing zero-emission machinery, and hedging against RMB exchange rate risks in iron ore trade.
FMG's chairman said directly: "When the United States abandoned the green industry, China and we are leading the global industrial revolution." This record-breaking low-interest loan not only saves money but also opens up a new battlefield for Sino-Australian technological cooperation.
Original: www.toutiao.com/article/1839945663015939/
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