Australia EFIC propose to provide project fund to EMAL

Australia export financial credit organization—Export Financial & Insurance Company—EFIC propose to provide $125m project fund to EMAL to support the large-scale aluminum smelter that will build in Australia. This fund will use on the design, purchase and construction of this project in the first state. The total fund is $1.8b, amortize in 16 years. EMAL was combined by Mubadala Development Company and Dubai Aluminum and will takes charge of the construction work of this project.