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MARTINS DRIFT KIMBERLITE PROJECT

Signature(s)

Amount
€ 5,000,000
Countries
Sector(s)
Botswana : € 5,000,000
Industry : € 5,000,000
Signature date(s)
24/10/2007 : € 5,000,000
Link to source
Data sheet
MARTINS DRIFT KIMBERLITE PROJECT
Other links
Summary sheet
Martins Drift Kimberlite Project
Related publications
Environmental Impact Assessement (EIA) - - EN

Summary sheet

Release date
12 March 2007
Status
Reference
Signed | 24/10/2007
20060121
Project name
Promoter - financial intermediary
Martins Drift Kimberlite Project
Diamonex Ltd
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 5 million.
Approx EUR 18.4 million.
Location
Sector(s)
Description
Objectives

Development of a medium scale diamond mine with 5 separate open pits and construction and operation of an ore processing plant.

Employment creation and human resource development in an underdeveloped, poorer rural region of the country.

Environmental aspects
Procurement

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.

Tendering complies with the EIB's guidelines.

Comments

Mining and Quarrying

Link to source
Summary sheet
Martins Drift Kimberlite Project
Other links
Data sheet
MARTINS DRIFT KIMBERLITE PROJECT
Related publications
Environmental Impact Assessement (EIA) - - EN

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.

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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.

Related publications