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    In 2016, in the context of the partnership with Avocet Mining, Managem took an equity stake of around 40% in the JV. This was increased to 70% following the finalisation of the project feasibility study in 2018. In 2019, Managem launched the financing programme for the construction of Tri-K, amounting to an investment of 176m USD.

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    Avocet, which has about $53m of debt, is waiting for funds from the sale of a 40 per cent interest in its Tri-K gold mining project in Guinea to Saudi Arabia's Managem.

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    He joined Arbuthnot Banking Group following four years as a mining analyst at Evolution Securities. Mr. McGloin is the former Head of Mining at Collins Stewart. Over the years, Mr McGloin has worked for many mining companies including African Platinum, Randgold Resources, Avocet Mining, European Goldfields and Titanium Resources Group.

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    Avocet is an exclusively West African gold mining and exploration company. We currently operate one gold mine, Inata, in Burkina Faso, and have a pipeline of exploration projects in Burkina Faso and Guinea. Avocet's exploration licences at Bélahouro in Burkina Faso cover approximately 1,660 km 2. Our other main project is Tri-K in Guinea ...

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    About Avocet Mining. Avocet Mining plc operates as a gold mining and exploration company in West Africa. It primarily owns interest in the Tri-K project that includes various exploration permits covering an area of 490 square kilometers located in Guinea. The company was founded in 1995 and is headquartered in London, the United Kingdom.

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    07:22. Avocet in the red as revenues fall. Avocet Mining plunged into the red in the six months to the end of June with a pre-tax loss of $5.5m against a profit of $3.9m last time. Revenues fell ...

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    The Ministry of Mines and Geology launches the Responsible Mineral Development Initiative (RMDI) Roundtable. 29 June 2016. Working visit by President Alpha Condé to Russia. 28 June 2016. Guinea pre-selected to host the African Minerals Development Centre (AMDC) 25 March 2016. Simandou South: an essential opportunity for international investors.

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