PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

548827

Primary Business Area

Corporate Advice

Disclosure Date

May 25, 2009

Country

South Africa

Region

Africa

IFC Approval Date

Apr 26, 2007

Status

Completed

Estimated Total Budget

$5,925,862.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Mar 13, 2007

Project Description

The project helps Lonmin Plc (the world's third-largest primary platinum producer) and its subsidiaries promote sustainable economic development in the area surrounding its mining operations. The objectives are 1) to develop, expand, and mechanize the mines; 2) to finance transactions regarding broader and more equitable ownership; and 3) to develop a comprehensive Advisory Services program to strengthen the company’s social sustainability.