World Bank subsidiary invests in Botswana mining firm

Tuesday, June 29, 2010

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.

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