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        KANGANKUNDE FEASIBILITY STUDY

        Signature(s)

        Amount
        € 300,000
        Countries
        Sector(s)
        Malawi : € 300,000
        Industry : € 300,000
        Signature date(s)
        13/03/2003 : € 300,000

        Summary sheet

        Release date
        10 April 2002
        Status
        Reference
        Signed | 13/03/2003
        20020018
        Project name
        Promoter - financial intermediary
        Kangankunde Feasibility Study
        Rift Valley Resource Developments Ltd.
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        Up to EUR 300 000
        EUR 1.8m (approx.)
        Location
        Sector(s)
        Description
        Objectives

        Feasibility study to establish the viability of extracting strontianite ore at Kangankunde (Malawi) and processing it into strontium carbonate.

        The study itself will consist of resource/reserve base certification, mine planning, metallurgical test work including pilot tests, design of the plant, preparation of an EIA, costing, market and marketing analysis, and compilation of all the information into a comprehensive and bankable study.

        Environmental aspects
        Procurement

        Feasibility study will include a full-scale environmental impact study for later submission to the relevant regulatory authorities should the study lead to the industrial project stage.

        Direct negotiation for lead contractor by main financing institution, South African Export Development Fund (SAEDF). EIB funded subcontracts will follow EIB's procurement rules.

        Comments

        Mining

        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).

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        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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