Ivory Coast
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Mineral Resources
Endeavour Mining targets 200,000 oz/year of gold from Ivory Coast mine
Londonlisted Endeavour Mining said on Saturday it had a goal of producing about 200,000 ounces of gold annually from 2025 from its 2nd gold mine in Ivory Coast. Lafigue Mine, inaugurated on Saturday, lies about 500 kilometres (km) northeast of the industrial capital Abidjan, in the Dabakala area. It started gold production in early August and is anticipated to produce in between 90,000 and 100,000 ounces by the end of the year, the company said. In a declaration, Endeavour stated it had actually invested 250 billion CFA francs ($ 415 million) in the project, which it expects to have a
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Oil & Gas Exploration
Glencore's ex-head of oil charged with bribery offenses by UK fraud agency
Glencore's former head of oil Alex Beard has actually been charged with bribery offenses relating to the Swiss commodity trader's operations in Africa, Britain's Serious Scams Office (SFO) stated on Thursday. Beard, 56, is charged with 2 conspiracies to make corrupt payments to government officials and authorities of state-owned oil business in Nigeria in between 2010 and 2014 and in Cameroon between 2007 and 2014, the SFO stated. He is among five ex-Glencore staff members charged with conspiracy to make corrupt payments and is the most high-profile commodity trader to have been charged in Britain for declared corruption. Beard joined