Tata Steel Limited and SODEMI have entered a Joint Venture to develop the Mount Nimba iron ore deposits in Ivory Coast, marking a significant collaboration that emphasizes sustainable mining practices and community welfare.

Target Information

Tata Steel Limited and SODEMI, the state-owned mineral development company, have officially entered into a Joint Venture Agreement (JVA) for the development of the Mount Nimba iron ore deposits located in Ivory Coast, West Africa. This agreement was witnessed by prominent officials including the Honorable Minister of Mines and Energy, Mr. Monnet Emmanuel Leon, and key representatives from both Tata Steel and SODEMI.

The Mount Nimba deposit is significant, encompassing areas in Liberia, Guinea, and Ivory Coast, and is among the largest iron ore reserves in West Africa. The partnership aims to leverage Tata Steel's extensive experience in mining and global resources to explore and develop this rich mineral resource effectively.

Industry Overview in Ivory Coast

The mining industry in Ivory Coast has seen a resurgence in recent years, supported by favorable government policies aimed at attracting foreign investment. The government has prioritized resource development as a mea