IFC Investment in Mindoro Resources Supports Responsible Mining in the Philippines
July 19th, 2010
Filed under: Operator - Mindoro Resources Ltd
WASHINGTON, DISTRICT OF COLUMBIA and MANILA, PHILIPPINES–(Marketwire - July 14, 2010) - IFC, a member of the World Bank Group, today agreed to invest about 2.1 million Canadian dollars in Mindoro Resources Ltd to support a nickel exploration project in the Philippines that is expected to provide jobs and government revenues once a mine is developed.
Mindoro, a Canada-based mining exploration company, will use IFC’s investment for exploration at the Agata nickel project in the Surigao district on Mindanao Island.
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