SUBSIDIARY NAME
Gold mining project
COUNTRY
Republic of Mali
SECTOR/ INDUSTRY
MINING
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
July 28, 2022
ACQUISITION VALUATION
300 MILLION (Euro)
TOTAL ASSET VALUATION
3 BILLION (Euro)
MINING
Gold mining project by Mr Zeye BA acquired on July 28, 2022 and described project as:Our company intend to start a gold mining project on its (8 km square or 51 km square) concessions in the Kayes Region of the Republic of Mali. The project would involve further exploration to identify the site to commence the mining operations.
The funds being sought would be deployed in the procurement of mining equipment, machinery and plants, earth moving equipment such as bulldozers, excavators, loaders and graders.
There will be the need to deploy funds for mine infrastructure developments, offices, workers accommodation and working capital.
Top-notch mining consultants and qualified production engineers would engaged on the project. All our earth moving equipment operators and dump drivers would be derived from the most experienced in the field to help make sure our production targets are met. Production can commence after 6 to 12 months of receiving the funding.