Mali interim govt raises gold sales tax

Mali's interim government has raised the combined sales tax on gold by 2 percentage points to 8%, a move aimed at bringing it in line with peers in the West Africa region, according to a government statement. The tax hike came as a senior mines...

Avion sinks on $25m forward sales deal

Avion Gold gave up nearly 10% of its market value on the TSX on Friday, after the company said it would sell forward some production at its Malian mine to bolster its balance sheet by $25-million. The company said it was not generally inclined...

Avion wants to be consolidator in W Africa, targets 500 000 oz/y

Toronto-based Avion Resources, which started producing its first gold this year from operations in Mali, sees itself as a potential consolidator of gold assets in West Africa, and is aiming to reach annual production of half a million gold ounces...

Loss-making Mali mine put on care-and-maintenance

Junior gold mining firm Nevsun Resources placed its loss-making Tabakoto mine, in Mali, on care and maintenance, it said on Thursday.

'Loulo unaffected by Mali water shortages'

London- and Nasdaq-listed gold miner Randgold Resources said that its Loulo mine, in Mali, was not affected by the water shortage, which could soon force the suspension of processing operations at Nevsun Resource's Tabakoto mine.

Tabakoto mine, Mali

Name: Tabakoto mine. Location: Tabakoto mine is located in the Kenieba district, western Mali. Brief history: Tabakoto was discovered in the mid-1990s during exploration activity. Feasibility work led to a production decision in 1993, with...

Gold miner plans search on new Mali permits

Canadian gold miner Nevsun Resources has said that it plans a big exploration programme for three new concessions acquired recently near its Tabakoto project in the West African country of Mali.