Africa: Concern over World Bank's position on funding mining projects

South Africa's Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka, on Monday raised concerns that the World Bank was considering a limit on financing coal and oil projects in developing countries. Mlambo-Ngucka's concerns were prompted by the recommendations in an Extractive Industries Review (EIR), launched by the World Bank two years ago to evaluate the impact of its involvement in the oil, mining and gas sectors.