Upper Volta - Perkoa Mining Exploration and Technical Assistance Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. P-3703-UV REPORT AND RECOMMENDATION OF THE PRESIDENT OF THE INTERNATIONAL DEVELOPMENT ASSOCIATION TO THE EXECUTIVE DIRECTORS ON A PROPOSED CREDIT OF SDR 7.0 MILLION TO THE REPUBLIC OF UPPER VOLTA FOR THE PERKOA MINING EXPLORATION AND TECHNICAL ASSISTANCE PROJECT May 2, 1984 Western Africa Region This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency Unit CFA Franc (CFAF) CFAF 1 million = U3$2,632 US$1.00 380 CFAF FISCAL YEAR January 1 December 31 WEIGHTS AND MEASURES Metric System British/US System 1 meter (m) 3.281 feet (ft) 1 kilometer (km) = 0.622 miles (mi) 1 kilogram (kg) 2.205 pounds (lbs) 1 metric ton (t) 1.1 short ton (st) ABBREVIATIONS BGR = Bundesanstalt fuer Geowissenschaften und Rohstoffe BRGM = Bureau de Recherches Geologiques et Miniares BUVOGMI = Bureau Voltalque de la Geologie et des Mines CCCE = Caisse Centrale de Cooperation ]3conomique COFRAMINES= Compagnie Frangaise des Mines COMIKI = Compagnie Miniare du Kiere DMIT = Dar Maal Al Islami Trust EDF = European Development Fund EIB = European Investment Bank FAC = Fonds d'Aide et de Cooperation (France) GTZ = Gesellschaft fuer Technische Zusammenarbeit SOMISA = Societe des Mines du Sahel SOREMI = Soci&tg de Recherches Minieres SOVIMPEC = Societe Voltalque d'Interventiorn Miniere a Petite Echelle UNDP = United Nations Development Programme UNRF = United Nations Revolving Fund For Natural Resources Exploration  FOR OFFICIAL USE ONLY UPPER VOLTA Perkoa Mining Exploration and Technical Assistance Project Credit andre2t Summar Borrower: Republic of Upper Volta Beneficiary: The Government would transfer the proceeds of the IDA credit as a grant to the Bureau Volt:alque de la Geologie et des Mines (BUVOGMI) Amount: SDR 7.0 million (US$7.4 million equivalent) Terms: Standard Project Objectives and The project would provide the Government with a Description: technical and economic evaluation of the Perkoa zinc-silver deposit as well as legal and promotional assistance to attract private foreign investors for the development of the deposit. In addition it would help develop and strengthen BUVOGMI's project preparation capabilities. The project would be carried out in two phases and would comprise: A. Phase One: Delineation of the Depos