Mining

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

Monday, 26 March 2018 19:07

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.

On the same topic
Petrol and diesel prices fell sharply from 7 January 2026, with diesel down by up to R1.50 per litre, reflecting lower global oil prices and a firmer...
Bio Tosha asked Kenya’s High Court to block Diageo’s $2.3 billion asset sale to Asahi. The transaction covers Diageo’s stakes in EABL and United...
Côte d’Ivoire will launch a nationwide census to identify unelectrified areas by end-March 2026. The country electrified 95.67% of localities by June...
Egypt and Lebanon signed a gas supply memorandum for the Deir Ammar power plant in late December 2025. The agreement aims to support Lebanon’s...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
04

Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...

Ethiopia Secures Preliminary Eurobond Restructuring Deal With Private Investors
05

Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...

Heirs Holdings Push Oil Equity Production to 50,000 Barrels Per Day Following $496 Million Share Acquisition in SEPLAT
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.