Banks fail to do proper due diligence on mining projects, 19 Aug 2014: South African banks are failing to do proper due diligence on mining projects, despite subscribing to the International Finance Corporate and World Bank Global Guidelines on Responsible Investments, says the Bench Marks Foundation...“Our research indicates that banks are not checking whether the mining projects they are financing comply with legislative and regulatory requirements before releasing funding for the project,” says John Capel, Executive Director for the Bench Marks Foundation...[Refers to Anglo Coal, Eskom, and Nedbank]