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World Bank unit OKs Newmont Ghana mine investment
The International Finance Corporation, the World Bank's private-sector lending arm, on Tuesday 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. Board officials...said three countries abstained and one objected...amid concerns about the environmental impact and resettlement of families that were living on the mine's site.