The ivory coast vicepresidents office has dashed the hopes of endeavour mining boss sébastien de montessus by rejecting his offer of €27m to buy sodemis 5% stake in the ity gold mines. Currently a partner of a big number of foreign gold miners it also plans to create a gold refining unit at abidjan. Ivory coast societe generale securities services sgss operates in côte d’ivoire within societe generale côte d’ivoire sgci, a subsidiary of the societe generale group. Ivory coast has considerable mineral potential with important occurrences of gold, diamonds, iron, nickel, cobalt, copper, manganese and bauxite.
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The Main Bone Of Contention Is The Sale Of Sodemis Remaining 5% Stake In Société Des Mines Dity Smi, An 85%owned Subsidiary Of Endeavour That Operates One Of The Largest Gold Mining Sites In Ivory Coast, In The West Of The Country Near The Liberian Border.
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