Mali’s industrial gold production expected to slump in 2020

Sadiola gold mine is located in southwest Mali. (Image courtesy of IAMGOLD)

Industrial gold production in Mali is expected to fall by 8.3% year on year to 59.77 tonnes this year compared with 2019 due to falling output at several mines, Mali’s mines and petroleum ministry said on Wednesday.

It said total gold production is expected at 65.7 tonnes in 2020, including 6 tonnes from the artisanal, or small-scale mining sector, compared with 71.1 tonnes a year ago.

Companies operating in Mali’s mining sector includes Barrick Gold, Resolute Mining, Anglogold Ashanti and B2Gold.

Reserves at Anglogold Ashanti’s Sadiola mine is reaching depletion phase, and will produce 832 kg compared with 4.6 tonnes last year, mines ministry official Mamadou Sidibé told Reuters.

He added that output at Barrick’s Morila mine is expected at 1.9 tonnes, compared with 3.5 tonnes the previous year, while Resolute’s Finkolo mine will produce 440 kg compared 6.6 tonnes in 2019.

Other mines, such as Resolute’s Syama, and B2Gold’s Fekola mines, are expected to boost production, the ministry said.

(By Tiemoko Diallo and Bate Felix; Editing by Aurora Ellis)

981 0


Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More Africa News