An excavator loads soil onto a truck at an open pit mine in Indonesia in this 2019 file photo. Photo: Reuters
IFC watchdog investigates Postal Savings Bank of China over loan for Indonesian mine
- Postal Savings Bank of China’s loan to a mining group was in apparent contravention of IFC environmental standards, complainants say
- The probe marks the first time that the International Finance Corporation’s independent watchdog has investigated a Chinese financial institution
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Indonesia
An excavator loads soil onto a truck at an open pit mine in Indonesia in this 2019 file photo. Photo: Reuters