Thursday, December 15, 2011

Johannesburg, South Africa, Harare, Zimbabwe, Vienna, Austria, Tokyo, Japan – December 15, 2011 – African Compass International Limited (“ACI” or the “Company”), today announced the progress of its preliminary talks underway with the International Financial Corporation (IFC), a member of the World Bank Group (WBG), for the financing of its mining projects in Zimbabwe.

The preliminary talks with the private sector Mining team of the IFC’s Mining Group with Mr. Julien Bosche, IFC Infrastructure and Natural Resources – Africa, Latin America and the Caribbean, over the ACI opportunities, which provides equity and loan financing for mining companies to build projects that reward owners, investors, and local communities for investment areas such as exploration and development, came to a standstill in light of the fact, albeit ACI is a South African registered company, its current portfolio of projects which are in Zimbabwe, could regrettably not be financed as the country was currently under UN sanctions.

ACI continues to talk with prospective partners on the mining project and will work to comply with The Equator Principles based on the IFC performance standards on social and environmental sustainability, and on the WBG’s Environmental, Health and Safety General guidelines.

About ACI
African Compass International (“ACI”) is a global diversified private natural resources company in frontier, emerging/established emerging and developed markets. The Group farms, explores, sources, refines and produces, inter alia, agriculture products, base metals, ferrous & non-ferrous metals, minor metals, platinum group metals, precious metals, oil & gas and commercial energy. Our diversified operations in Africa, South America and Eurasia are supported by offices in Austria, Canada, Japan and Zimbabwe. ACI always seeks partnerships with all its stakeholders that will add value to projects at hand based on the core values of honesty, integrity and vision.

About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. It was established in 1956 and is owned by 184 member countries. For more information, visit

Supporting Resources: please visit; follow @Afrikancompass on Twitter, or join ACI on LinkedIn.

For and on behalf of the Company’s Board of Directors

Julian RUPARE, Jr.

CEO & Chair


The following are the main terms and abbreviations used in this webnews:

ACI               African Compass International Limited and/or its subsidiaries, as appropriate

CEO              Chief Executive Officer

CLO              Chief Legal Officer

Company     African Compass International or African Compass International Limited

COO             Chief Operating Officer

IFC               International Financial Corporation

UN               United Nations

WBG           World Bank Group

– ends –

African Compass International

Johannesburg | Harare | Vienna | Tokyo

Directors J Rupare Jr (CEO) C N Rupare (COO) U Mazunga (CLO)

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