First Independent Mena Newspaper
Mali has achieved a breakthrough in its push for greater control over its mineral wealth, with three gold producers — Endeavor Mining, Faboula Gold, and Bagama Mining — agreeing to operate under the country’s controversial 2023 mining code. Announced by Finance Minister Alousseni Sanou in a televised address, the agreement marks a rare win for […]
Mali, Africa’s second-largest gold producer, has suspended the issuance of new artisanal mining permits to foreign nationals after a series of fatal accidents in the country’s artisanal mining sector. The move follows a devastating mine collapse on 15 February in the western Kayes region, which claimed the lives of at least 43 people, mostly women. […]
The four-day ‘Investing in African Mining Indaba’ that officially kicked off in Cape Town, South Africa, on Monday (3 January) features presentations from mining experts, delegates and influential policymakers and also includes discussions on the effects that US tariffs and the freeze on foreign aid might have on Africa’s mining industries. The African mining-focused event […]
Foreign mining companies in the Sahel region are currently experiencing a nightmare scenario, as military-led governments in Mali, Burkina Faso, and Niger are seeking to reclaim control over the mining of gold and other valuable resources. With gold mining accounting for over 90% of Mali’s exports, highlighting its critical economic role, the junta-led government aims […]
Barrick Gold Corporation said that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali, where authorities have also seized the company’s existing gold stock from the site to a custodial bank. Malian authorities have seized an amount of gold estimated at $245 million in an escalation of their long-running dispute with […]
Barrick Gold, the second largest gold mining company globally, said it mulls stopping production at its mine in Mali if the ban on shipments was not lifted. The company made the threat in reaction to measures by Bamako authorities to renegotiate the permit in order to have a bigger share of operations in the gold […]
Four executives from the Barrick Gold Corporation have been detained in Mali, the Canadian mining company has confirmed, adding that all these employees of its Loulo-Gounkoto mining complex had been charged and detained pending trial. The arrests come as the Sahel country’s military regime intensifies efforts to impose additional taxes on foreign mining companies by […]
Desert Metals, a mining company listed in Australia, has acquired Côte d’Ivoire-based CDI Resources Limited (CDI) that controls seven gold and lithium projects in the West African country. CDI, through its subsidiaries CDI Minerals and CDI Lithium, holds interests in seven gold and lithium projects. The projects, 2,769km² in landmass coverage, comprise granted mineral permits […]