Monday, June 4, 2007

UN Commodities Fund seeks to move into metals

(Reuters) - The Common Fund for Commodities, which has focused mainly on the agricultural sector, wants to broaden its focus into minerals as it seeks higher funding, its chief said on Monday.

The fund, an independent financing body which operates under the umbrella of the United Nations system, has only sponsored five projects in the minerals sector out of around 250 in its history, Managing Director Ali Mchumo told a mining conference in Namibia.


Read more at Reuters Africa

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