Mali: Randgold Resources withdraws from Kossanto West project
Thursday, 10 May 2018 18:31
Randgold Resources rescinded the joint venture agreement clinched with Cradle Arc on Kossanto West gold project in Mali. The information was unveiled yesterday May 9 by Cradle Arc.
By withdrawing, Randgold transfers its 65% interest in the project to Cradle Arc which now becomes the only shareholder.
“Randgold has been an excellent JV partner to Cradle Arc over the past two years and their grassroots regional exploration campaigns have added significantly to our understanding of Kossanto West," comments Cradle Arc CEO, Kevin van Wouw.
The company indicates it will “actively seek a new partner for the continued exploration and advancement of the licenses” as it still believes in the project’s gold prospective. For the record, this project was one of Cradle’s main assets in Mali, before Ashanti Gold acquired in August 2017, the Kossanto East project.
Live News
-
Ghana Plans New Digital Oversight Tools for Renewable Energy Sector
16:17
-
S&P Upgrades Nigeria’s Outlook to Positive, Citing Reform Progress
15:43
-
A $611B Setback: How Climate Disasters Have Eroded Africa’s Agricultural Output
15:31
-
Dodji Honou Expands Fab Lab Innovation Across West Africa
15:23
-
Casimir Akuete Domlan Builds a Unified Access Point for Africa’s Fragmented Mobile Money Services
15:18
-
Egypt Unveils 2025-2029 Digital Health Strategy to Modernize Care System
15:00
-
Morocco Unveils Gamification Lab to Strengthen Its Position in Africa’s Gaming Market
14:45
-
Togo to Lift Livestock Feed Import Taxes to Support Local Producers
14:32
-
CEMAC: CAR Targets 35-50 Billion XAF in New Treasury Bond Auction
14:29
-
Togo Extends Vehicle Clearance Fee Discount to December 20
08:03
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance dig...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
S&P revises Nigeria’s credit outlook to positive, affirms B-/B rating Shift reflects reform progress in FX policy, subsidies, and revenue...
Africa lost $611B in farm output to disasters since 1991, FAO reports West Africa hit hardest, losing 13.4% of agricultural GDP to climate...
CAR Treasury returns to market, seeks up to $88.4M via new bond lines Three- to five-year bonds to fund $12.8B national development...
Senegal cuts 2026 health budget by 18.7% amid fiscal tightening Reduction linked to ministry restructuring and end of external projects...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...
The second edition of Salon International de la Musique d’Afrique (SIMA) launched in Cotonou on Thursday, November 13. This year's event in Benin marks a...