Skip to main content

Endeavour Mining closes sale of its non-core Ghana mine

Published by , Assistant Editor
Global Mining Review,

On 29 December 2017, Endeavour Mining Corporation completed the sale of its 90% interest in the non-core Nzema Mine in Ghana to one of Africa's largest mining and civil contractors, BCM International Ltd (BCM).

Endeavour received a payment of US$38.5 million upon closing the sale, corresponding to the first two payments less adjustments.

Additional deferred payments of up to US$25 million are expected to be received over the course of 2018 and 2019, based upon reaching certain agreed upon milestones related to mine free cash flow generation.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

African mining news