https://newsletter.en.creamermedia.com
Africa|Gold|Mining|PROJECT
Africa|Gold|Mining|PROJECT
africa|gold|mining|project

Canada's Robex signs new deal with Mali for Nampala gold mine

13th February 2025

By: Reuters

  

Font size: - +

Canadian miner Robex has signed a new agreement with Mali to operate its Nampala mine, located about 300 km south of the capital Bamako, the West African country's government said.

The company has been operating the mine since 2017 but the new mining code of Africa's second biggest gold producer compels international companies to pay higher taxes and hand over bigger stakes in assets to the state.

In a sign of unease over the new legislation, Robex said in September it was looking to sell its Nampala mine but it had not received any reasonable offer.

A statement by Mali's Council of Ministers released late on Wednesday said the company was planning to produce 1.4 t/y of gold for a period of eight years.

"Geological research carried out by the company has identified a deposit with mineral reserves estimated at 17.35-million tons with a gold content of 0.70 g/t," it said.

The statement said the government and the company had signed a memorandum of understanding in September that allowed Mali to increase its shareholding in the project, entitling the State to priority dividends.

Edited by Reuters

Comments

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

VR Print MD Hilton Janse van Rensburg
VR Print empowers brands
11th March 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.123 0.212s - 168pq - 2rq
Subscribe Now