ICM complaint #21-001 - Preliminary Review Report (EN)

On 25 February 2021, the Complaints Offices of FMO, DEG and Proparco (collectively, “the DFIs”) received a complaint containing allegations of harm caused by the New Liberty Gold Mine (“Complaint”), an open pit mine located in Western Liberia and operated by Bea Mining Mountain Corporation (BMMC or “the Company”), a 100% owned subsidiary of Avesoro Resources Inc. The Complaint states that the DFIs are exposed to the Mine through their financial intermediary investment in the South African FirstRand Bank which in turn financed the New Liberty Gold Mine.