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Randgold Resources rescinded the joint venture agreement clinched with Cradle Arc on Kossanto West gold project in Mali.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
-
Qatar Advances Influence in DRC and Rwanda as the Emir Supports Talks and Deals
10:57
-
Togo: Government Adopts 2026 Draft Finance Bil
16:36
-
China Overtakes EU to Hold Majority of Cameroon’s Industrial Equipment Market
16:34
-
Tanzania Names Angellah Kairuki to Lead ICT Ministry
16:32
-
Congo: Kokamba Platform Eases Corporate Management
16:26
-
Petroleum: Glencore’s Cameroon Output Drops 31% by End-September
16:17
-
Somalia Enforces Mandatory Electronic Tracking for All Port Cargo
16:04
-
Tanzania’s LimaBot Uses AI to Cut Crop Losses
15:46
-
Togo and Benin Set 30% Agricultural Trade Growth Target Under PRIMA
15:08
-
Tradex to Invest CFA10 Billion in Equatorial Guinea Network in 2026
14:38
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Qatar’s Emir visited Rwanda and the DRC as Doha deepened its mediation role in the conflict while expanding major economic commitments in both...
The NICTBB backbone already covers 78% of Tanzania and receives 73 billion TZS (≈ USD 30 million) for its next expansion phase. Tanzania is...
ECOWAS launched the second phase of PAMCIT to expand training in translation and conference interpreting. The global market for professional...
Germany, Norway and CAFI jointly committed $87 million to Canopy Trust as first-loss capital at COP30. The initiative aims to attract at...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...