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Report: World Bank chief blocks IFC loan for Rosia Montana

WORLD Bank president James Wolfensohn has killed agency participation in a US$250 million loan for Gabriel Resources' massive Rosia Montana gold project, which has drawn fire from environmental groups, according to the <I>Wall Street Journal</I>.

Greg Tubby
Report: World Bank chief blocks IFC loan for Rosia Montana

The bank's private-sector lending arm, International Finance Corp, was negotiating with Toronto-based Gabriel to back development of the world's largest openpit gold mine in Romania. But Wolfensohn,...

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A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

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