Australia’s Export Finance and Insurance Corporation (EFIC) will contribute funding to Rio Tinto’s Oyu Tolgoi mine expansion in Mongolia. EFIC decided to support Rio Tinto despite calls from Australia’s Productivity Commission for the credit agency to focus on small exporters that struggle to find market financing.
See http://www.mining.com/aussie-taxpayers-to-help-fund-5-billion-oyu-tolgoi-expansion-57675/?utm_source=digest-en-mining-130512&utm_medium=email&utm_campaign=digest.