EIB Lends Morocco 30Mn For Gold Mining Project
The European Investment Bank (EIB) approved on 19 December a30mn ($28mn) loan to Moroccos mining company Managem. According to an EIB press release, the loan will contribute to the development of a gold mine on the western flank of the Atlas foothills. Proparco, part of the Agence Francaise de Developpement Group, will also contribute resources to the project. The finance is underpinned by the banking sector,...