Manganese, News & Features, Resource News
African Development Bank Could Invest in Kalagadi’s Project, Business Says
By Bloomberg · November 25, 2010 · 2:35 am · Leave a Comment
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By Paul Richardson
The African Development Bank may invest in Kalagadi Manganese Ltd.’s 11 billion-rand ($1.6 billion) project to develop a manganese mine and sinter plant in South Africa’s Northern Cape province, Business Report said.
The lender is considering an investment of as much as $150 million, the Johannesburg-based newspaper said, citing Godfrey Mwindaare, chief investment officer at the bank’s private industry unit.
