Africa Mining and Engineering Review
Mali is Africa’s fourth-largest gold producer but until now lacked facilities to refine its own gold. Most rough gold has been shipped abroad to be processed in the UAE, South Africa, and Switzerland, costing Mali valuable export revenues.
Mali has stopped issuing permits for small-scale gold mining to foreign nationals after several deadly incidents. Interim President Assimi Goita
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim
B2Gold has reached terms with the government of Mali to resolve all issues surrounding the Fekola mine complex and related projects
The placement will fund the completion of a definitive feasibility study and other activities for the Kobada project. Toubani Resources
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