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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
Link to source
Data sheet
AFRICAN LION MINING FUND III
Other links
Summary sheet
African Lion III

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).

Link to source
Summary sheet
African Lion III
Other links
Data sheet
AFRICAN LION MINING FUND III

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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