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
-
AGRA’s Esther Ibrahim: A Strong, Functional Seed Sector Is Critical for Nigeria
19:23
-
Cameroon risks CFA165bn in tax losses from illegal gold exports
16:29
-
Togo Advances Creation Of National Land Agency
16:25
-
Togo Nears Access To China’s Soybean Market
16:21
-
Cameroon nears deal for long-delayed Ngaoundéré solar power plant
16:18
-
Guinea suspends port demurrage fees for holidays, cost pressures persist
16:10
-
Cocoa price slump puts Côte d’Ivoire sector under strain
16:08
-
Blockchain developers emerge as key talent in Africa’s expanding Web3 economy
15:58
-
Lomé International Fair 2025 Sees Record Turnout, Stronger B2B Activity
13:35
-
Togo: World Bank Approve $150M to Support Private Investment, Job Creation
13:32
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
In Nigeria, as in much of Africa, weaknesses in the seed sector remain a major constraint on the productivity of staple crops such as rice and maize. As...
Guinea suspended demurrage fees at the Port of Conakry from December 15 to January 31. The move aims to limit the impact of port costs on consumer...
Global cocoa prices have fallen to just over $6,000 a ton, about half last year’s level. Exporters are struggling to honor contracts, leading to...
Web3 adoption is accelerating demand for blockchain developers across Africa. The role combines programming, cryptography, and decentralized systems...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...