Munali Nickel project

Promoteur – Intermédiaire Financier

Albidon Zambia Limited

Lieu

• Zambie

Description

Establishment of a new medium-scale underground nickel sulphide mine, construction and operation of a conventional ore processing plant and related infrastructure.

Objectifs

Production of 8 500 t/y nickel in the form of concentrate for a period of 8.5 years in the initial phase.

Commentaires

Mining and Quarrying

Secteur(s)

• Industrie

Montant BEI envisagé (montant approximatif)

EUR 32 million (USD 40 million equivalent)

Coût total (montant approximatif)

Approx. EUR 95 million

Aspects environnementaux

An independent EIA, prepared by independent consultants, has been established. It includes social aspects, public consultation, a preliminary rehabilitation plan and an environmental management plan. It has been approved by the local competent authority, the ECZ - Environmental Council of Zambia. The project incorporates best industry practice and complies with the Bank's environmental statement and EU standards.

See Albidon web-site at www.albidon.com.

Passation des marchés

The main contracts, including contracts for construction of the processing plant and infrastructure, will be awarded following international negotiations. The procedures followed are in line with the Bank's Guide to Procurement.

Statut

Signé - 27/04/2007