Turaco Gold Limited, trading on the ASX under the ticker TCG, has successfully raised AUD $35 million through an equity placement at 31 cents per share. This capital injection, aimed at accelerating growth at its Afema Project in Côte d’Ivoire, has drawn substantial interest, with the placement significantly oversubscribed by both existing and new institutional […]
Turaco Gold Limited (ASX: TCG) has announced its acquisition of a 51% interest in the Afema Gold Project, marking a significant development in its expansion strategies. The acquisition, made from Endeavour Mining, comes with concurrent agreements involving Sodim Ltd, granting Turaco the right to increase its stake to 70% post-feasibility study completion. These agreements hinge […]
Mako Gold Limited (ASX:MKG), an Australian exploration company, has successfully secured binding commitments to raise A$2 million through a placement at $0.01 per share. This development is a significant step in advancing its flagship Napié Gold Project in Côte d’Ivoire. The placement has been cornerstoned by Goldridge Resources Pty Ltd, with founders including Caigen Wang […]
Aurum Resources Limited, an ASX-listed mineral exploration and development company, has entered into a binding heads of agreement to acquire 100% of the issued share capital of PlusOr Global Pty Ltd. This acquisition marks a significant expansion of Aurum’s gold exploration footprint in the highly prospective Boundiali greenstone belt in Côte d’Ivoire. Boundiali Gold Project: […]
Italian oilfield services company Saipem has clinched two new offshore contracts worth a staggering €850 million. The energy services company has been awarded contracts in both Côte d’Ivoire and Italy, reinforcing its presence in these critical markets. The lucrative deals involve expansive Subsea Umbilicals, Risers and Flowlines (SURF) projects and Floating Storage and Regasification Unit […]
Eni has initiated oil and gas production from the Baleine Field, positioned in the offshore waters of Côte d’Ivoire. This monumental achievement marks the first emissions-free (Scope 1 and 2) production project in Africa, setting a benchmark for sustainable oil and gas initiatives. It comes less than two years after the Baleine Field’s discovery in […]
Kasada, a real estate private equity platform, will develop a new dual-branded hotel in the Angré district, Abidjan, Côte d’Ivoire. The hotel, which will be located within the complex being developed by HCCP, will include minimized water consumption as well as efficient energy and waste management to meet international environmental and social standards. The complex […]
UK-based mining company Endeavour Mining has commenced construction on the Lafigue gold project on the Fetekro property in Côte d’Ivoire, which involves an upfront capital cost of $448 million. First gold pour from the Lafigue gold mine is expected to take place in early Q3-2024 Construction of the Lafigue gold project has been started following […]
Temenos, a Swiss banking software company, said that it has helped Orange Bank Africa to go live with cloud-native Temenos Transact delivered as SaaS and provide innovative digital banking services in West Africa. According to the banking software provider, its Temenos Transact core banking technology scales to support Orange Bank to launch and bring in […]
Qatar Petroleum has signed a farm-in deal with French oil and gas giant Total to acquire a 45% participating stake from the latter in blocks CI-705 and CI-706 in the Ivorian-Tano basin in the waters of Côte d’Ivoire. Spread over nearly 3,200 square kilometers, the two blocks are said to offer multi-target hydrocarbon prospects in […]