Allied Gold nets nearly $500M from UAE for Mali
Allied Gold (TSX: AAUC) (OTCQX: AAUCF) is creating a joint venture in Mali with a United Arab Emirates-based investment group that’s also covering the expansion of main mine Sadiola. Ambrosia…
Allied Gold
Barrick and Mali halt talks without deal
Barrick Gold (TSX:ABX; NYSE:GOLD) and the Malian government have suspended negotiations before resolving a drawn-out dispute over payments from the country’s largest gold mine. Mali is seeking a settlement payment…
Resolute Mining CEO quits following detention in Mali
West Africa-focused gold producer Resolute Mining (ASX: RSG) announced on Monday the resignation of CEO Terry Holohan, who was detained in Mali for 10 days in November. Holohan and two…
Resolute’s costs rise, output falls in Mali, Senegal
West Africa-focused gold producer Resolute Mining (ASX: RSG) forecasts reduced production and higher costs this year as its Mako mine in Senegal nears depletion and tax changes in Mali drive up…
Hummingbird reaches $16.4M deal with Mali
Africa-focused Hummingbird Resources (AIM: HUM) announced on Wednesday it had reached an an agreement with Mali’s military-led government to operate the Yanfolila gold mine under the country’s new mining code. As part…
Barrick halts Mali mine after junta seizes gold
Barrick Gold (TSX:ABX; NYSE:GOLD) followed through with its threat to suspend operations at its Loulo-Gounkoto complex in Mali after the military-led government moved gold stocks to a custodial bank. “Barrick…
Wheaton strikes US$175M streaming deal for Ethiopia’s first commercial gold mine
Wheaton Precious Metals (TSX: WPM; NYSE: WPM) has reached a streaming deal with Allied Gold (TSX: AAUC) for the Kurmuk gold project in western Ethiopia. Under the agreement, the Canadian…
Mali junta frees Resolute CEO
Resolute Mining (ASX: RSG; LSE: RSG) CEO Terence Holohan and two colleagues have been released from detention by Malian authorities, the company said on Thursday. “All three employees are safe…
Akobo Minerals’ Segele gold mine opens in Ethiopia
Scandinavian junior Akobo Minerals (US-OTC: AKOBF; FRA: 643) officially opened on Wednesday its Segele gold mine about 700 km southwest of Addis Ababa, marking a milestone in Ethiopia’s developing mining…
Marvel Gold’s sale of Mali assets falls through
Australia’s Marvel Gold (ASX: MVL) announced on Wednesday that the planned sale of its gold projects in Mali will not proceed as intended due to recent developments affecting miners operating…
Risks rise in Mali as junta holds Resolute CEO
Shares in Resolute Mining (ASX: RSG; LSE: RSG) lost a third of their value on Monday after the Australian gold miner said Mali’s military government detained CEO Terence Holohan and two senior…
Barrick CEO expects deal with Mali on new mining code by year-end
Sources cited by Reuters report that Mali is seeking around $500m in unpaid taxes from Barrick.