Release date: 10 April 2002
Promoter – Financial Intermediary
Rift Valley Resource Developments Ltd.Location
Description
Feasibility study to establish the viability of extracting strontianite ore at Kangankunde (Malawi) and processing it into strontium carbonate.
Objectives
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.
Comments
Mining
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 300 000
Total cost (Approximate amount)
EUR 1.8m (approx.)
Environmental aspects
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.
Procurement
Direct negotiation for lead contractor by main financing institution, South African Export Development Fund (SAEDF). EIB funded subcontracts will follow EIB's procurement rules.
Status
Signed - 13/03/2003