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(Reuters) – The World Bank wants to launch a $1 billion fund in July to map the mineral resources of Africa, using satellites and airborne surveys to fill geological gaps across the continent where a lack of adequate data hampers mining investments.

The World Bank has committed $200 million to the five-year fund, and was meeting with mining companies and governments from sub-Saharan Africa who have expressed interest, a senior bank official told Reuters on Wednesday.

Read  more at: http://in.reuters.com/article/2014/02/05/us-africa-mining-mapping-idINBREA140LT20140205?mlt_click=Master+Sponsor+Logo(Active)_25_More+News_sec-col1-m1_News