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        AFRICAN LION MINING FUND III

        Signature(s)

        Amount
        € 9,672,427.13
        Sector(s)
        Industry : € 9,672,427.13
        Signature date(s)
        25/06/2008 : € 9,672,427.13
        Other links

        Summary sheet

        Release date
        13 May 2008
        Status
        Reference
        Signed | 25/06/2008
        20080031
        Project name
        Promoter - financial intermediary
        African Lion III
        African Lion III
        Mr. Tim Markwell
        Tel: +61 3 9614 8008
        Fax: +61 3 9614 8009
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to USD 15 million
        Up to USD 79 million
        Location
        Sector(s)
        Description
        Objectives

        Third fund to provide early stage equity in mineral resource companies throughout Africa, principally targeting advanced exploration/feasibility and development projects.

        Development of the small-medium scale mining sector in Africa.

        Environmental aspects
        Procurement

        Sub-projects to comply with respective national legislation and best international practice. African Lion to ensure environmental analysis according to World Bank guidelines.

        Not applicable (equity investment in small companies).

        Other links

        Disclaimer

        Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
        They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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