Martins Drift Kimberlite Project

Promoter – Financial Intermediary

Diamonex Ltd

Location

• Botswana

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)

• Industry

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