Release date: 28 April 2003
Promoter – Financial Intermediary
Kenmare Resources PlcLocation
Description
The project includes the mining, concentration and separation of heavy mineral sands on the coast at Moma, near Angoche, Northern Province of Nampula.
Objectives
Production and shipment of some 660 000 t/y of ilmenite, zircon and rutile.
Comments
Mining.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 55 million
Environmental aspects
A full environmental impact assessment was prepared, and an environmental impact management plan will be put in place both for the mining site and for the electricity line.
Procurement
Bank’s guidelines will be followed.
Status
Signed - 18/06/2004
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).