According to new estimates, the M1 south deposit currently holds 1.2 million tons of indicated resources grading at 14.4 g/t Au (for 556,000 oz) and 0.41 million tons of inferred resources, grading 14.4 g/t Au (191,000 oz). Meanwhile, resources of the M5 deposit rose by 40% now valued at 35.9 million tons, grading 1.3 g/t Au (1.46 million oz) for indicated resources, and 12 million tons grading...

At October 29, 2017, volumes of cocoa sent to export terminals in Côte d’Ivoire stood at 168,000 tons, Reuters report. This is 18.4% lower than during the past season over the same period (206,000 tons). In detail, Reuters indicated that the ports of Abidjan and San Pedro received respectively 26,000 tons and 29,000 tons of cocoa, a total of 55,000 tons between October 23 and 29. Let’s...

Having become an Associated State last August, Mauritania now, after 17 years of absence, wishes to become a full ECOWAS member. The first session of the ECOWAS-Mauritania integration council was thus held last October 27. Present at the session were Robert Dussey, the Togolese minister of foreign affairs who is also the actual president of ECOWAS ministers’ council, Naha Mint Hamdi Ould...

To better protect State properties in the country, a Code for public properties in being elaborated in Tunisia. The first draft of this code “which aims at regrouping and improving all laws related to organization and management of State properties” is, according to the minister of State domains and land affairs, Mabrouk Kourchid (picture), already elaborated and will “soon” be examined...

Côte d’Ivoire has mobilized CFA62 billion to finance the implementation and vulgarization of its rural land law. This was told Agence ivoirienne de presse (AIP) by the minister of agriculture and rural development, Coulibaly Sangafowa Mamadou (photo). “This sum of CFA62 billion regroups budget aid from the European Union, knowingly CFA37 billion, and CFA25 billion from the World Bank, which...

The Guinean ministry of mines on Thursday announced that the Koumbia bauxite project which is managed by the Australian Alliance Mining Commodities will come online in 2019. This should help allow the country its goal to triple its bauxite output to 60 million tons, in 2020. Saadou Nimaga, secretary general of mines, told Reuters that the Australian firm would invest $670 million in the...

Qatar National Bank Tunisie (QNB), Tunisian-Kuweitian bank offering commercial and Islamic banking services has announced that next October 30, it will hold an extraordinary general assembly. At this occasion, the lender’s authorities will assess the decision to approve a capital increase, by 98.4 million Tunisian dinars ($40 million). To increase its capital, the lender plans to issue 9.8...

Tunisia will soon get from the African Development Bank (AfDB) two loans worth a total of €38.6 million to finance its project for the valorisation of irrigated lands and to develop agricultural value chains. This was revealed by AfDB itself which highlighted that the facilities will be provided via its co-financing fund, Africa Growing Together Fund (AGTF). Aiming mainly to improve the...

Tunisia is about to request from the U.S a $500 million loan guarantee, according to one of the country’s high officials cited by Reuters. This guarantee which would be the fourth of its kind, comes as Tunisia plans to, next year, go to the international capital market. Indeed, in 2018, the country will need about 7.4 billion Tunisian dinars ($3 billion) of foreign loans. Out of this sum,...

Though it was being said in the Ivorian business environment, now it is official. The two Korean firms involved in the Abidjan metro project are out of the game.  In effect, following a council of ministers held last Wednesday, October 25, the Ivorian government approved the acquisition of the shares of both companies, namely Hyundai Rotem (33%) and Dongsan Engineering (9%), in the project...