B2Gold logo

BTG - B2Gold News Story

$6.54 -0.2  -3.5%

Last Trade - 21/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £5.33bn
Enterprise Value £5.27bn
Revenue £1.13bn
Position in Universe 926th / 6387

CORRECTED-Mali's gold output could hit 60 T by end-2017 - government

Wed 18th November, 2015 11:17am
(Corrects last paragraph to remove Randgold Resources as an 
owner of Sadiola mine) 
    BAMAKO, Nov 17 (Reuters) - Mali's gold production could rise 
to around 60 tonnes a year by the end of 2017 as a series of new 
projects comes online, the West African nation's mining minister 
said on Tuesday. 
    Mali is Africa's third-largest gold producer after South 
Africa and Ghana and mined 49.865 tonnes of the precious metal 
last year. The sector contributes around a quarter of government 
revenues.  
    While output is expected to slip slightly this year as 
production from some mature mines dwindles, Boubou Cisse said 
that new mine openings would reverse the decline in the coming 
years. 
    "I think that if those...projects come to fruition in two 
and a half years, Mali can return to the levels of 60 tonnes per 
year in terms of production," he said at an oil and mining 
conference in the capital Bamako. 
    Cisse pointed to projects including Vancouver-based firm 
B2Gold's  BTO.TO  Fekola mine, believed to hold the largest gold 
deposits in West Africa and due to open in 2017.  urn:newsml:reuters.com:*:nL5N10N4UG 
    He also said that the Nampala mine, owned by Canadian firm 
Robex  RBX.V , had overcome earlier technical delays and was 
expected to enter production in the first quarter of 2016. 
    Subterranean mines were expected to open at Sadiola, owned 
by Anglogold Ashanti  ANGJ.J  and Iamgold  IMG.TO , and Syama, 
controlled by Australia's Resolute Mining  RSG.AX . 
 
 (Reporting by Tiemoko Diallo; Writing by Makini Brice; editing 
by Susan Thomas) 
 ((makini.brice@thomsonreuters.com;)) 
 
Keywords: MALI GOLD/
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.