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 »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 »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 »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 »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 »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. […]
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