Ghana: World Bank unit OKs mine investment

The International Finance Corporation, the World Bank's private-sector lending arm, on Tuesday (January 31) approved $125 million in loans for gold major Newmont Mining Corp.'s Ahafo project in Ghana, but not all countries on the IFC's 24-member board agreed it was a good move, reports Reuters. Board officials, who spoke on condition of anonymity, said three countries abstained and one objected during discussions on the project, amid concerns about the environmental impact and resettlement of families that were living on the mine's site.