1. Export Development Canada Your Financial Partner
March 2008

2. EDC Facilitating Canadian Trade
EDC (Export Development Canada) is Canada’s official export credit agency (ECA). Its mandate is to support export and foreign investment.
Founded in 1944, EDC is a Crown Corporation that operates as a commercial financial institution
EDC is AAA rated by Moody’s and Standard & Poors and is financially self-sustaining
Our services include:
Financing
Accounts Receivable Insurance
Contract Insurance & Bonding
Political Risk Insurance
Today, we are open for business in over 175 countries including 153 developing markets

3. The Extractive Industries Team
EDC has recently restructured. Six new industry sector teams were introduced, including the Extractive Industries Team
Extractive Industries includes:
Mining
Oil & Gas
Pipeline
Base Metal Production
Fertilizers & Petrochemicals

4. 2007 Volume - Mining (CAD) Financing $ 834 million
Political Risk Insurance $ 1.9 billion
Accounts Receivable Insurance $ 6.4 billion
Contract Insurance & Bonding $ 32 million
TOTAL $ 9.16 billion

5. EDC Financing Services
EDC helps Canadian companies and their Foreign buyers to arrange…
Corporate Revolvers
Bilateral Facilities
Acquisition Facilities
Bridge or Term Loans
Syndicated Facilities
Highly Structured/Project Finance Facilities

6. Project Finance Expertise
EDC helps Canadian companies …
Conduct Financial Analysis
Structure deals
Negotiate/Develop Project Term Sheets
Assess Technical Risks
Underwrite and Syndicate
Draft and Negotiate Loan Documentation

7. EDC Political Risk Insurance
EDC helps Canadian companies invest overseas…
Assessing Political Risks
Underwriting Equity Policies
Underwriting Debt Policies
Arranging Private Sector Insurance
(Lloyds, Sovereign, Zurich, AIG)
Arranging Public Sector Insurance
(OPIC, ECGD, OND, EFIC, MIGA)

8. EDC Contract Insurance & Bonding
EDC helps Canadian exporters…
Offer competitive payment terms to their foreign buyers
Arrange working capital and banking facilities
Arrange bonds required by their foreign buyers
Manage their foreign exchange risks

9. EDC Accounts Receivable Insurance
EDC helps Canadian exporters…
Offer competitive payment terms to their foreign buyers
Arrange working capital and banking facilities to support their foreign contracts

10. 2008 Mining Pipeline for Africa
EDC is currently considering in excess of $400 million of Project Finance and Political Risk Insurance mining business in countries which include:
Democratic Republic of Congo
Tanzania
South Africa
Eritrea
Republic of Congo
Algeria

11. Extractive Industries 2006 Mining Transactions
BRAZIL
CVRD International SA
Lender
Unsecured Corporate Revolving Facility
INDONESIA
PT Saptaindra Sejati
Senior Manager
Senior Transferable Term Loan Facility
CANADA
Kinross Gold Corporation
C-Lead Arranger
Revolver and Term Loan Facility
PERU
Cia. Minera Antamina SA
Arranger
Senior Revolving Credit Facility
Samarco Finance Ltd.
Mandated Lead Arranger
Pre-Export Financing Term Loan Facility
Gerdau Acominas S.A.
Senior Unsecured Credit Facility
INDIA
Tata Steel Ltd.
Term Loan Facility
ARGENTINA
Aluar Aluminio Argentino S.A.I. y C.
Senior First Loss Facility
PT Pamapersada Nusantara
Syndicated Facility
MAURITANIA
First Quantum Minerals Limited
Loan Facility
USA
Thompson Creek Metals Company
Lender
Senior Secured Credit Facility

12. Extractive Industries 2007 Mining Transactions
RUSSIA
SNC-Lavalin Engineer & Constructors Inc.
Lender
MEXICO
Grupo IMSA, S.A. de C.V.
Lender
BRAZIL
CVRD
Lender
MEXICO
Silver Wheaton Corp.
BRAZIL
Kinross Gold Corporation
ARGENTINA
Ternium S.A.
BRAZIL
Usiminas
USA
Steel Dynamics
CHILE
CODELCO
INDONESIA
PT Pamapersada Nusantara
MADAGASCAR
Ambatovy Nickel

13. Mandated Lead Arranger Project Finance International
Oman – Sohar Aluminium
BUILDING ON EXPERIENCE
Transaction Overview:
Development and construction of 350,000 tonne p.a. aluminium smelter & associated power generation facilities
Total project costs estimated at USD 2.4 billion
Strong sponsorship from Alcan Inc., Oman Oil Company SAOC and the Abu Dhabi Electricity Authority (ADWEA)
The project supports the Sultanate of Oman’s strategy of diversification of Oman’s economy away from primary hydrocarbon extraction and sales
Project Challenges:
The tight financial structure incorporated novel elements in line with the aggressive bank market in the Middle East;
Intercreditor arrangements with Islamic Lenders, particularly with regard to security provisions.
EDC’s Contribution:
EDC was an initial Mandated Lead Arranger for the financing alongside Citibank, ABN Amro and SMBC;
EDC’s early-stage commitment and substantial take-and-hold position significantly contributed to the successful syndication of the project;
Sohar
EMEA Industrial - Oman
USD 1,500,000,000
Commercial & Islamic
Bank Financing
Mandated Lead Arranger
Project Finance International
And PF Magazine
Deal of the Year
2005

14. Political Risk Insurance
Tanzania - Bulyanhulu
Transaction Overview:
• Largest gold mine in Tanzania;
• Project cost in excess of USD 400 million;
• Barrick’s first major foray into Africa.
Project Challenges:
• First major project financing in Tanzania;
• Bank requirement for full PRI in a challenging market;
• Underwriting a strong project in an unstable region.
EDC’s Contribution:
• Provided significant PRI capacity to meet financing requirements;
• Acted as co-lead arranger and insurer to access multilateral and private sector support;
• Played lead role in underwriting, due diligence, and policy negotiating and documentation.
Bulyanhulu Project
Financing
Political Risk Insurance
USD 234,000,000
Co-Lead Insurer
& Arranger