World Bank Urged to Postone Loan for Controversial Gold Mine in Ghana

A group of Ghanaian and international organizations is urging the World Bank to postpone funding for a new gold mining project in Ghana until the Bank addresses the project's human rights and environmental problems. Tomorrow, the Bank's Board of Directors is to consider loans of $125 million by the International Finance Corporation (the Bank's private sector arm) to Newmont Mining Corporation, one of the world's largest mining companies, for the development of the Ahafo gold mine project in western Ghana.