Roscan's Kandiolé project is located in the gold prospective Birimian Rocks of West Mali.
Mali Mining News
Mali joins lithium fray
78% higher than in the same quarter of the previous year.
AngloGold says it has started the process of selling the Sadiola mine, a joint venture with IAMGOLD.
Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.
Increased grades expected in Q3 and Q4 of this year.
Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine’s resource estimate.
The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.
Full operation begins October 31.
Head of the mines division said a previous production forecast of 59.3 tonnes of gold for 2018 had been marginally increased.
Few gold mines can operate profitably below 1 gram a ton which is equivalent to extracting two teaspoons of gold from a Statue of Liberty’s worth of ore.
The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.
The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.
As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.
Labour action has brought gold production to a halt.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner.
The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.
CanRos' CEO says western Mali has potential for discovering large gold deposits.
Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.
BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.
The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.
Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]
Many mines in Mali, Africa's third-largest gold producer, are protected from changes to the fiscal regime for 30 years.
Gold mining in Africa has a bad rap — particularly when it comes to women. But in Mali, one of the world’s poorest countries, the victimization lens does great injustice to the hundreds of women mining alongside men.