Newcrest to sell Bonikro

The Australian Mining Review - - NEWS -

NEWCREST Min­ing has agreed to di­vest its ma­jor­ity stake in the Bonikro op­er­a­tion in Côte d’Ivoire, West Africa to a con­sor­tium for $81 mil­lion.

Newcrest man­ag­ing di­rec­tor and chief ex­ec­u­tive San­deep Biswas said fol­low­ing an ex­ten­sive re­view, the com­pany made the de­ci­sion to sell its 89.9 per cent in­ter­est to F&M Gold Re­sources and Africa Fi­nance Cor­po­ra­tion.

“This out­come de­liv­ers value for Newcrest share­hold­ers and pro­vides a clear fu­ture path for the Bonikro mine for the ben­e­fit of its em­ploy­ees, the com­mu­nity and all our Côte d’Ivoire stake­hold­ers,” Mr Biswas said.

Newcrest still re­tained ex­plo­ration ten­e­ments within Côte d’Ivoire, where drilling was cur­rently un­der­way at the An­tenna prospect.

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