Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Mining

Côte d’Ivoire: Volcanic Gold to acquire new gold properties

Wednesday, 07 March 2018 15:03

(Ecofin Agency) - Volcanic Gold concluded a binding MoU to acquire up to 100% of Jofema Mineral Resources, a private company registered in Côte d’Ivoire whose assets include Debo and Soubré gold licenses (over 600 km²).

Volcanic would have to pay $8 million, half as cash and the remaining as shares in the company under the terms of the agreement. It will also finance exploration activities at the above-mentioned properties.

 This is of great benefit for Volcanic as it will complement its properties in Mandiana district (Guinea). The company will also benefit from a “valuable consolidation opportunity” for its portfolio in one of the largest African mining jurisdictions. The company’s goal is to build multimillion-ounce mines in “under-explored” West African countries such as Guinea, Côte d'Ivoire, and neighboring nations.





 
Finance


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.