World Bank to finance Kasiya Rutile project

Revitalizing Malawi's Economy: World Bank Backs Kasiya Rutile Project with Crucial Funding

Key Business Points Sovereign Metals Limited has partnered with the International Finance Corporation (IFC) to advance the Kasiya Rutile and Graphite Project, securing technical support and financing for the project’s […] The post Revitalizing Malawi’s Economy: World Bank Backs Kasiya Rutile Project with Crucial Funding appeared first on Business Malawi.

World Bank Deal Boosts Kasiya Rutile Project — But Will Malawi Truly Benefit? - Malawi Nyasa Times - News from Malawi about Malawi

The World Bank Group, through its private-sector arm the International Finance Corporation (IFC), has moved in to support Malawi’s Kasiya Rutile Project—one of the world’s largest known rutile deposits—raising fresh hope that the long-promised mine could finally move from paper to production. But while the deal gives confidence to investors and mining experts, serious questions […] The post World Bank Deal Boosts Kasiya Rutile Project — But Will…

World Bank to finance Kasiya Rutile project

Sovereign Metals Limited, proprietors of Kasiya Rutile and Graphite Project in Lilongwe, has partnered the International Finance Corporation (IFC) in a deal that gives the World Bank Group’s private sector financing arm rights on the project. This comes few years after a leading American miner Rio Tinto bought shares in Sovereign Metals whose project boasts to have the world’s largest rutile deposits and its definitive feasibility study (DFS) is…