Sale of state miner Sodemi's 30 percent stake
The Government of Ivory Coast has approved, in March 2017, the sale of state miner Sodemi's 30 percent stake in the Ity gold project to Canada's Endeavour Mining and a group of investors, including Didier Drogba Group. Endeavour will take a 25 percent stake, making it the 80 percent owner of the project, while the Didier Drogba Group will pick up 5 percent, bringing its total stake to 10 percent. The Ivorian state holds the remaining 10 percent. The commercial terms of transaction remain to be finalized.
Type: Entry and establishment (Ownership and control)
Industry: Primary (Mining and quarrying)
- Reuters, Ivory Coast approves sale of stake in Ity gold mine, Mar 22, 2017
- Reuters, BRIEF-Endeavour Mining gets in-principle agreement from Côte d'Ivoire govt to increase Ity mine stake, Mar 22, 2017