World Bank subsidiary invests in Botswana mining firm
In a deal that should boost Botswana’s mining industry, the International Finance Corporation (IFC) on Friday made a C$5-million (P34 million) equity investment in Tsodilo Resources.
The funds from the World Bank subsidiary will be used to advance exploration at the Canada-based firm’s Ngamiland diamond and base metals project in northwest Botswana.
Tsodilo Resources Limited is a diamond, base and precious metal exploration company concentrating its exploration efforts on the southern portion of the Angola/Congo craton in northwest Botswana.
A statement from the Toronto-listed company says the [continue reading]