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Summary of the Meeting of the Board of Directors

Thursday, August 4, 2011
 
Completed

CERTIFICATION FOR CLOSURE OF MEETING

I, Lisa V. Terry, Assistant General Counsel for Administration (Acting), hereby certify that in my opinion the Meeting of the Board of Directors scheduled for 9:30 AM on Thursday, August 4, 2011, in the Board Room will disclose information of the kind set forth in Subsection(4) of Section 552b(c), Title 5 of the United States Code.

Accordingly, such meeting may be closed to the public.

Date Posted: Thursday, July 28, 2011

EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
AUGUST 4, 2011

ITEM NO 1
Country AUSTRALIA AP085047XX
Request for FINAL COMMITMENT

Applicant AUSTRALIA & NEW ZEALAND BANKING GROUP LD, SYDNEY, NS 2000 AUSTRALIA
Borrower DOWNER EDI MINING PTY LTD., SOUTH BRISBANE, QLD 4101 AUSTRALIA
Guarantor DOWNER EDI LIMITED, NORTH RYDE, NSW 2113 AUSTRALIA
Buyer DOWNER EDI MINING PTY LTD., SOUTH BRISBANE, QLD 4101 AUSTRALIA
End-user DOWNER EDI MINING PTY LTD., SOUTH BRISBANE, QLD 4101 AUSTRALIA
Exporter ROYAL EQUIPMENT INC., CONROE TX
Supplier GE TRANSPORTATION SYSTEMS GLOBAL, ERIE PA
Supplier MTU DETROIT DIESEL INC, DETROIT MI
Supplier ADDITIONAL SUPPLIERS
Gteed Lender AUSTRALIA & NEW ZEALAND BANKING GROUP LD, SYDNEY, NS 2000 AUSTRALIA

Project Name FORTESCUE METALS'S CHRISTMAS CREEK MINE
Project Description IRON ORE MINE OVERBURDEN REMOVAL CNTRCT
Product Description AC DRIVES
Financed Amount $ 57,765,371
Repayment Term 7 YEARS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton, and Director Mulvaney all voted in favor of the transaction.