Mali Threatens Takeover of Barrick Mine as Dispute Escalates
April 18th, 2025
Via Bloomberg, a report on Mali’s threatened takeover of Barrick’s Mali mine: Barrick Gold Corp. said Mali has shut its office in the nation’s capital and is threatening to take over its gold operations. Mali warned it would place the company’s shuttered Loulo-Gounkoto complex under provisional administration unless the mine is reopened and tax payments made, […]
Read more »Mali to Resume Mining Permits Suspended More Than Two Years Ago
March 11th, 2025
Via Bloomberg, a report that Mali plans to resume mining permits that have been suspended for more than two years: Mali will resume granting permits for mineral exploration as of March 15 after the process was suspended more than two years ago. The West African nation will also start issuing approvals for exploitation and ownership […]
Read more »Will Lithium Be Mali’s New Goose That Lays The Golden Egg?
March 6th, 2025
Via The Africa Report, a look at Mali’s lithium sector: Mali has just launched West Africa’s first two lithium mines, a sector the government is betting on despite falling prices. On 15 December, Mali’s junta leader Assimi Goïta attended the opening of the Goulamina mine, where Chinese firm Ganfeng Lithium aims to produce 500,000 tonnes […]
Read more »UAE Investor Buys Stake in Mali Gold Mines From Canada’s Allied Gold
March 1st, 2025
Courtesy of The Financial Times, a report on investment in Mali’s mining sector which has been unsettled since the ruling junta started its crackdown on miners: Toronto-listed Allied Gold has sold a 50 per cent stake in its Malian mines to an Emirati investor, in the biggest sign of confidence in Mali’s mining sector after […]
Read more »How To Make Money In Africa’s Coup Belt
February 24th, 2025
Via The Economist, a report on how mining multinationals are learning to do business with juntas: THE BOSS of Barrick Gold, a Canadian mega-miner and the world’s second-largest gold producer, is no stranger to bust-ups with African governments. In an interview with The Economist at a big annual African mining conference in Cape Town this month, Mark Bristow […]
Read more »Has West Africa Become ‘Un-Investable’?
February 17th, 2025
Via The Assay, a look at whether West Africa has become uninvestable: Despite gold being among the best-performing asset classes in 2024, the gold equity exchange-traded funds (ETFs), for major precious metal producers, (GDXJ +13% and GDX +9%) did not deliver the expected leverage. Among a peer group of 17 gold mining companies, IAMGold Corp. […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.