Glencore’s EIB problem
FT Alphaville » EIB 2013-08-01
Summary:
What a curious statement from the European Investment Bank (a placid institution usually) on Wednesday.
It starts off reading like a defence of a $50m loan to Mopani Copper Mines (a Glencore subsidiary based in Zambia) which dates back to 2005, despite strong criticism of the project’s environmental effects.
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