AFRICAN LION
August 1st, 2004
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is planning to inject up to US$8 million into the Mauritius-based African Lion II equity investment fund to boost early-stage African mining exploration and development projects. The EIB wants to promote the "development of the small-medium scale mining sector in Africa", adding African Lion schemes would comply with best environmental practice.
THE EUROPEAN Investment Bank (EIB) is planning to inject up to US$8 million into the Mauritius-based African Lion II equity investment fund to boost early-stage African mining exploration and development projects. The EIB wants to promote the "development of the small-medium scale mining sector in Africa", adding African Lion schemes would comply with best environmental practice.
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