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Commodities traded by West African producers fell sharply ahead of the US presidential elections and are yet to recover following confirmation that Donald Trump had secured enough electoral college votes to be declared US President-elect. Strong Coffee: (Cote d’Ivoire, Cameroon) Coffee futures traded both in London and New York dived lower on Tuesday as investors,
Sama resources, the Canadian-based mineral exploration and development business, hopes to develop and operate the first nickel-copper-palladium district in West Africa which has the potential to become “a new world class base metal district”. The project, which is hosted in the large Yacouba layered complex, will cover 1,487 square kilometres of exploratory ground in Cote d’Ivoire and
West Africa’s regional stock exchange plans to start a separate section for mining stocks by 2018 which could make it easier for resources companies to raise funds in local currency – the CFA franc. The bourse is amending its regulations and aims to have a dedicated mining platform in place by 2018. The mining exchange
FrancTrade view: The General Manager of the West African regional bourse in Abidjan has suggested the creation of a mining exchange in the region. We do not yet have details on this proposal but as with other commodities exchanges it will require sound regulatory policies, standardisations, liquidity and core services such as clearing and warehousing. We
