EIB FINANCES MADAGASCAR NICKEL MINE
February 1st, 2007
BY KEITH NUTHALLTHE EUROPEAN Investment Bank (EIB) is planning to lend between Euro 200 and 230 million to Canadian dominated Ambatovy Minerals SA and Dynatec Madagascar SA to develop and operate a new large-scale open pit lateritic nickel ore mine in Madagascar. This money would also help fund the construction and operation of a 220km slurry pipeline for transporting fine ore from the mine, near Moramanga - 80km east of the capital Antananarivo - to the east coast port of Taomasina, where a hydrometallurgical processing plant and refinery would be built (also ...
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