Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Mining

Senegal: Government approves a deal between Stratex and Iamgold for Dalafin gold project

Monday, 26 March 2018 19:07

(Ecofin Agency) - Stratex International announced today March 26 that it has received the Senegalese government’s approval for a recently-concluded deal with AGEM, a subsidiary of Iamgold, regarding the Dalafin gold project.

According to the agreement, AGEM will acquire an initial stake of 51% in the project by investing $4 million over a period of 4 years. The two companies will form a joint venture to manage the project if the option is exercised. AGEM could also increase its share to 70% by investing another $4 million over 2 years.

“We are delighted to have had this agreement formalized so quickly, enabling the work program at Dalafin to begin in earnest,” said Tim Livesey, Stratex’s CEO.

Exploration will first focus on the prospect of Madina Bafé, located 12km from Boto project which is managed by Iamgold. It may be extended to other areas of the permit, including the Fare prospect, where the majority of the works has been focused to date.





 
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.