Mali, Africa’s second-largest gold producer, has introduced sweeping reforms to its mining sector in recent years, adopting a tougher stance on foreign investors. In 2023, the government enacted a new mining code requiring international companies to pay higher taxes and cede larger stakes in their assets to the state.
Robex has operated the Nampala mine, located about 300 km (186 miles) south of the capital Bamako, since 2017. Growing uncertainty over the regulatory changes prompted the Montreal-based junior miner to announce in August it would sell the mine.
A statement from Mali’s Council of Ministers released late on Wednesday, said Robex was planning to produce 1.4 tonnes of gold per year for a period of eight years.
“Geological research carried out by the company has identified a deposit with mineral reserves estimated at 17,351,000 tonnes with a gold content of 0.70 grams per tonne,” it…
