IFC BACKS AUSTRALIAN TIN PROJECT IN MOROCCO
May 1st, 2010
BY KEITH NUTHALL and ALYSHAH HASHAM
THE WORLD Bank's International Finance Corporation (IFC) has agreed to invest Australian Dollars AUD 2.4 million (US$2 million) into a tin exploration project in Morocco, carried out by Australia mining company Kasbah Resources Ltd.
This Perth-based outfit is to undertake what it calls the 'Achmmach Tin Project', exploring and mining tin in El Hajeb province, northwest Morocco. The IFC, which is acquiring 14% of the company's share capital, says it will ensure the exploration and resulting mining is undertaken environmentally ...
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