Company profile
Compagnie Minière Du Bafing SA
Compagnie Minière Du Bafing SA (CMB) is an Ivorian nickel mining company incorporated in 2024 and headquartered in Abidjan, Côte d'Ivoire. The company operates the Foungbesso and Moyango open-pit nickel laterite mines in western Côte d'Ivoire under a Direct Shipping Ore (DSO) model, which CMB states constitutes the largest DSO nickel project in Africa, comprising approximately 47 million wet metric tonnes of high-quality nickel laterite deposits. In 2026, CoreX Holding, a diversified global industrial group with operations across metals and mining, ports, chemicals, renewable energy, and logistics, acquired a majority stake in CMB through a USD 180 million bridge take-out facility. CMB operates as a key subsidiary within CoreX's metals and mining portfolio, targeting international markets for responsibly sourced nickel used in stainless steel production and battery technologies.
- Sector
- Mining and natural resources / Metals & Mining
- Markets
- Côte d'Ivoire
- Founded
- 2024
- Ownership
- Private
- Stage
- N/A
- Capital raised
- $180m
- Employees
- 500+
- Business model
- B2B Manufacturing, Transactional
Products and services
Nickel Laterite Direct Shipping Ore (DSO), Open-Pit Mining Operations (Foungbesso Mine, Moyango Mine)
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 29 Jun 2026 | EBRD and partners support CoreX Holding's acquisition of a majority stake in Compagnie Minière Du Bafing SA | Private Credit | $180m | Côte d'Ivoire |
Source: Partner Researchers.