EFA supporting delivery of Liontown Resources Kathleen Valley Lithium Project
Export Finance Australia (EFA) has joined the financing of the Liontown Kathleen Valley Lithium Project, which will produce 500,000 tonnes of exportable lithium for markets including Korea and the United States.
Media release
13 March 2023
Export Finance Australia (EFA) has joined the financing of the Liontown Kathleen Valley Lithium Project, which will produce 500,000 tonnes of exportable lithium for markets including Korea and the United States.
EFA is providing $120 million to the project through a loan facility alongside a syndicate of commercial banks and funders.
The syndicate includes the Clean Energy Finance Corporation, which is making an investment of up to $110 million.
“The Liontown financing package brings EFA’s total approvals for the critical minerals sector to over $1.7 billion to date,” Managing Director and CEO of EFA, Mr John Hopkins, said today.
“Australian critical minerals projects are vital to ensuring the world has a stable, reliable source of materials to power the energy transition.
“As Australia’s export credit agency and leading critical minerals financier, we are committed to supporting the development of the critical minerals sector and are pleased this project helps to diversify global critical mineral supply chains.”
Provision of EFA's finance is subject to all financing conditions and regulatory approvals being met.
Media contacts:
Simon Fisher, +61 421 056 872, media@exportfinance.gov.au
About Export Finance Australia:
EFA is Australia’s export credit agency. EFA provides commercial finance for export trade and overseas infrastructure development. From small and medium-sized enterprises to large corporates, foreign Governments and infrastructure projects, EFA helps Australian businesses take on the world. In doing so, EFA's finance supports Australia’s economic security and regional resilience.
EFA administers the Australian Government’s National Interest Account, which currently includes the Critical Minerals Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific. EFA also provides support to other Commonwealth entities, including the National Reconstruction Fund Corporation, Housing Australia and the Northern Australia Infrastructure Facility.
