AGP Executive Report
Last update: 9 hours agoMining Finance: Genmin is weighing non-binding Chinese, Middle Eastern and trading offers to fund its Baniaka iron ore project, while extending offtake understandings with Chinese steelmakers. Soft iron ore prices make the choice of partner important as it works toward a final investment decision. Industrial Investment: Construction has begun on a clinker and cement plant in Malibé, part of the Mondah Green Beach project with Hope Global Investment. The project is valued at about US$200 million. Minerals: Millennial Potash says new drilling at Banio has added about 40 metres of potash mineralisation, taking the cumulative thickness in one hole to around 120 metres. The results could contribute to a resource update due by year-end. Oil and Gas: BW Energy’s two Dussafu appraisal wells contain an estimated 8–9 million barrels of recoverable oil gross, supporting plans for two additional producing wells. Banking: BGFIBank parent BGFI Holding’s second share offering, seeking CFA80.6 billion (about US$143 million), was oversubscribed, reversing a weak first round.
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