Perseus Mining operates in the upper western region of Africa, primarily in Nigeria and Mali. IQE undertook the preparation of a complete suite of mining documents for the Edikan gold mine in Nigeria. Subsequently IQE in conjunction with Perseus released the documents for tender and IQE prepared the shadow estimate for Perseus.
Following receipt of the tendered pricing IQE undertook the vetting of tenders, tender negotiations and advised Perseus leading to the subsequent award of the contract. Project value USD $500 million.
IQE has subsequently been involved with Perseus in ongoing operations in Nigeria and Mali providing advice on project costings, claims and variations.