World Bank Investment in Eco Oro Minerals in Colombia to be Audited
(Ottawa/Washington/Bogotá) The Compliance Advisor Ombudsman (CAO), the independent complaints office of the International Financial Corporation (IFC), will carry out an audit of the IFC’s decision to purchase US$18.2 million in shares of Eco Oro Minerals (previously Greystar Resources). The Canadian company is proposing to develop the Angostura gold mine project in the high altitude wetlands – known as páramos – of Santurbán, located in the Colombian departments of Santander and North Santander.