Mali: Morila gold mine to close in 2019
Wednesday, 30 March 2016 18:53
Mali’s Ministry of Mines announced on Tuesday that the Morila gold mine will close in 2019, six years later than initially planned, as its reserves prove greater than anticipated. Morila which is owned by Rangold Resources, AngloGold Ashanti and Mali’s government, produced since its opening in 2000, 209 tons of gold.
“The remaining reserves were larger than we thought. Research is under way to develop small satellite mines around Morila,” said Karim Berthé, a senior official at Ministry of Mines.
Over the past few years, production at Morila decreased. After 2015 when it produced 4.7 tons, government forecast it will produce 2.8 tons this year.
Ministry of Mines of Mali, sub Saharan third largest gold producer, said last Thursday, that the country’s gold production should rise to 52.9 tons this year from 50.5 tons in 2015, as activities started at new mines.
Louis-Nino Kansoun
Live News
-
Paymenow Secures $22 Million from Standard Bank to Expand Early Wage Access in Africa
17:49
-
Thai Rice Hits Record Imports in Africa in 2024
17:42
-
Islamic Development Bank Commits $297 Million to Côte d’Ivoire, Gambia, and Mauritania
17:30
-
Africa Advances in a Disjointed Manner on Small Modular Reactors (SMRs)
17:24
-
Algeria Moves to Integrate Start-ups into Major Infrastructure Projects
15:59
-
Togo Launches New Professional Bachelor’s Degree to Train Technical Education Teachers
15:23
-
Congo Taps Eight Cameroonian Banks to Raise CFA70 Billion on BEAC Market
15:17
-
Morocco, UNDP to Advance Inclusive Digital Transformation Across Arab and African Regions
14:53
-
Mbé Gold: Oriole Resources Projects Up to 1.34 Million Ounces in Cameroon
14:31
-
Lara Dendy Young Develops Ecotourism in Africa via Conservio
14:24
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
Standard Bank granted Paymenow a $22 million loan to expand its early wage access service in Southern Africa. Paymenow helps employees access...
Africa imported a record 3 million tonnes of Thai rice in 2024, a 23.3% increase over 2023. South Africa, Senegal, Côte d’Ivoire, Mozambique, and...
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Brazil’s robusta coffee harvest is set to more than double since 2016/2017, narrowing the gap with Vietnam. Brazil’s robusta thrives due to its...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...