Release date: 12 March 2007
Promoter – Financial Intermediary
Diamonex LtdLocation
Description
Development of a medium scale diamond mine with 5 separate open pits and construction and operation of an ore processing plant.
Objectives
Employment creation and human resource development in an underdeveloped, poorer rural region of the country.
Comments
Mining and Quarrying
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 5 million.
Total cost (Approximate amount)
Approx EUR 18.4 million.
Environmental aspects
Two independent environmental impact studies, both compliant with EU Directive 97/11, have been established in 2005 and mitigating and/or compensation measures will be applied as necessary.
Procurement
Tendering complies with the EIB's guidelines.
Status
Signed - 24/10/2007
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).