Compagnie Miniere Du Bafing’s (“CMB”) operations are located in Ivory Coast, which is rapidly developing as one of Africa’s leading mining jurisdictions. CMB today operates the Foungouesso and Moyango opencast mines and has built an integrated mining and logistics operation working in partnership with the Government of Ivory Coast. CMB works to maintain very close and constructive relationships with all the stakeholders in its areas of operations.
The Republic of Ivory Coast holds a free carry 10% share in the operations whilst SODEMI, the state mining company holds a 5% free carry shareholding. The Company provides employment for close to 1,000 people (employees and contractors) at its operations.