Cases & Deals

Agence des Participations de l'Etat provides €200 million State loan to Vale Canada Limited and issues State guarantee to secure project financing of tailings storage area

Client(s) Agence des Participations de l'État

Jones Day represented Agence des Participations de l'Etat in connection with a €200 million (US$240 million) State loan provided to Vale Canada Limited secured by nickel finished and semi-finished product inventory held by the Vale group throughout Asia and Europe; and the issuance of a State guarantee to secure the project financing of a tailings storage area in the nickel mine operated by Vale in New Caledonia.