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Precious metals: Ivory Coast refuses to sell 5% of the Ity gold mine by Sodemi to Endeavour

15/09/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Endeavour Mining Sébastien de Montessus would like to acquire the 5% of the Ity mine owned by the public company SODEMI. The Ivory Coast was considered insufficient the proposal of 18 billion FCFA made by Endeavour.

The Ity mine is one of Endeavour's fundamental assets, whose objective is to maintain production in excess of 250 koz/year over a lifespan of +10 years in an industry leading AISC. Côte d'Ivoire hopes to collect at least 30 billion from this sale, which would close the privatization of 90% of the Ity mine, located not far from Toulépleu in Tonkpi

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