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  • US Ex-Im Bank has approved two final commitments for long-term guarantees supporting US exports to the Navoi Mining and Metallurgical Complex of Navoi, Uzbekistan. Both are sovereign transactions, with the ministry of finance acting as the primary source of repayment. The guaranteed lender is Societe Generale, New York. The transactions are:

    • A US$76mn guarantee supporting the US$78mn export by Bateman Engineering Inc of mining and related equipment as well as engineering, procurement, construction and management services to Navoi Mining. US suppliers participating in the project include Caterpillar Inc and Lightnin Mixers. The equipment will enable Navoi Mining to upgrade and expand an ore processing plant and increase capacity at two mines.

    • A US$20mn guarantee supporting the US$21.4mn export by Caterpillar SARL of mining trucks, motor graders, wheel rims, and other mining and construction equipment to Navoi Mining. Caterpillar facilities in Decatur, Aurora and Morton, Illinois are suppliers on the transaction. The equipment will replace older mobile mining equipment.