INVESTMENT - IFC renews Baobab commitment
- Details
- Published: Tuesday, 10 September 2013 01:38
- Written by ASIA Miner News
Baobab Resources’ Tete joint venture (JV) partner IFC, a member of the World Bank Group, has committed to supporting the ongoing definitive feasibility study (DFS) work program through a pro rata contribution of about US$1 million. Baobab is wholly focused in Mozambique where it is developing a pig iron and ferro-vanadium project in the Tete province, one of Africa’s fastest growing mining centres.