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.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
UN declares transatlantic slave trade a crime against humanity Resolution led by Ghana passes; US, Israel oppose, others abstain Text calls...
Angola, EU sign €50 million Agrinvest deal for Lobito Corridor Project targets agriculture, jobs, and value chains across key...
Sunil Bharti Mittal to step down as chairman in July Gopal Vittal appointed to lead as part of planned succession Transition comes amid rapid growth...
Five-year strategy targets stronger production and market structure Project backed by EU and Germany to improve inputs and cold chain Plan aims to...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...