https://newsletter.en.creamermedia.com
Consulting|Engineering|Gold|Mining|Projects
Consulting|Engineering|Gold|Mining|Projects
consulting-company|engineering|gold|mining|projects

Marvel’s Mali asset sale falls through

20th November 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Marvel Gold’s planned sale of its gold projects in Mali will not proceed as originally intended, the Australian junior mining company announced on Wednesday.

The decision follows recent developments in Mali, where Australian company Resolute Mining has encountered significant challenges. This week, Resolute reached an agreement to pay $160-million to Mali's government after the country’s junta detained the company’s CEO and two other employees.

In October, Marvel had reached an agreement with Precious Metal Consulting and Engineering (PMCE) for the sale of its Tabakorole and Yanfolila projects for A$3-million. However, PMCE has now informed Marvel that it will not move forward with the transaction in its current form.

Despite this, both companies have agreed to continue negotiations on a nonexclusive basis to explore whether the sale can proceed under revised terms.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 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:0.057 0.144s - 167pq - 2rq
Subscribe Now