Newcrest to sell Bonikro
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.