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Côte d'Ivoire govt agrees to sell 25% Ity stake to owner-operator Endeavour

Creamer Media Deputy Editor: North America
Côte d'Ivoire State-owned mining company Sodemi has agreed to sell its 25% stake in the Ity gold mine back to Canadian gold miner Endeavour Mining. President Alassane Ouattara approved the State miner’s sale of ownership in the mine in a Cabinet meeting on Wednesday morning. Following the transaction, Endeavour will own 80% of Ity, with the government of Côte d'Ivoire holding a 10% interest and the Drogba Group, which is associated with former Chelsea football star Côte d'Ivoire-born Didier Drogba, the remaining 10%.

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