Release date: 13 May 2008
Promoter – Financial Intermediary
African Lion IIIMr. Tim Markwell
Tel: +61 3 9614 8008
Fax: +61 3 9614 8009
Location
Description
Third fund to provide early stage equity in mineral resource companies throughout Africa, principally targeting advanced exploration/feasibility and development projects.
Objectives
Development of the small-medium scale mining sector in Africa.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 15 million
Total cost (Approximate amount)
Up to USD 79 million
Environmental aspects
Sub-projects to comply with respective national legislation and best international practice. African Lion to ensure environmental analysis according to World Bank guidelines.
Procurement
Not applicable (equity investment in small companies).
Status
Signed - 25/06/2008
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).