MCB participates in a USD180m financing to CoreX Holding’s acquisition of CMB in Côte d’Ivoire

MCB Ltd is pleased to announce its USD25m participation in a USD180m bridge take-out facility supporting CoreX Holding, a leading global metals and mining group, in the acquisition of a major asset in the metals and mining space in Côte d’Ivoire.

CoreX Holding is a highly diversified global industrial group with operations spanning across metals and mining, ports and terminals, chemicals, renewable energy, shipping and logistics. and industrial construction across 55 countries in Europe, the Americas and Africa. The Group has recently strengthened its African footprint through the acquisition of a majority stake in CMB, the largest direct shipping ore nickel project in Africa. This acquisition will enable CoreX to strengthen its global nickel portfolio and its position as a vertically integrated player operating sustainable mining assets worldwide. Located in Côte d’Ivoire, CMB operates the largest DSO (“Direct Shipping Ore”) nickel project in Africa, including the Foungbesso and Moyango open-pit mines, with approximately 47 million WMT of high-quality nickel laterite deposits. Nickel is a critical raw material with strong long-term demand fundamentals, particularly driven by its use in stainless steel and emerging energy transition applications, including battery technologies. 

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