Akora Resources (ASX:AKO) is planning further financing discussions with the International Finance Corporation (IFC) regarding infrastructure for its Bekisopa Project in Madagascar.
Managing Director Peter Bird met with representatives from the World Bank Group, the IFC, and the European Union in Antananarivo this month (October 2026) to discuss regional development and transport infrastructure for the 100%-owned Bekisopa Iron Ore Project.
Akora’s logistics concept involves constructing a 130km haul road from the site to the RN7 national highway to enable onward transport to the Port of Toliara.
World Bank representatives noted that multipurpose transport corridors are viewed favourably for financing, while the IFC indicated potential support in structuring and arranging project funding.
Bird says IFC’s agreement to further discussions is “particularly encouraging”.
“These discussions are at an early stage; however they are important in aligning Bekisopa with broader infrastructure priorities and unlocking the project’s economic potential,” Bird says.
The Bekisopa Project hosts a 194.7-million-tonne (Mt) inferred mineral resource estimate. A Prefeasibility Study outlines an initial stage-one production rate of 2Mt per year over six years, targeting 61.6% iron lump and fine direct shipping ore.
Akora Resources is focused on the development of four ‘high-grade’ iron ore projects in Madagascar.
Write to Paula Fabe at Mining.com.au
Main image: Akora Resources
