New Mali mine to produce first gold soon

9th January 2012 By: Henry Lazenby - Creamer Media Deputy Editor: North America

JOHANNESBURG ( – First gold from the new 630 oz/d Kodieran mine in Mali is expected in the next few weeks, Pearl Gold reported on Monday.

Frankfurt-listed Pearl Gold, which owns 25% of the project owner Wassoul’Or, said construction work at Kodieran had been completed and that production facilities were being commissioned on a modular basis. The electrical generating system supplying electricity for the entire plant has been installed and tested up to its rated capacity of 9 kWh according to ISO standards.

Further, transporting raw materials from the openpit to the stockpile at the production plant has started and the water pumping system for the production process is fully functional. The Canadian company Bumigème, designated by Pearl Gold subsidiary and Kodieran concession holder Wassoul’Or to operate the plant, has successfully set up the electrical system and the control elements to start processing the raw material.

The company said international teams representing the different manufacturers of important components, which were incorporated into the production processes, are expected at the mine within the next days to overview the integrated commissioning.

Designed as an openpit, the Kodieran gold mine allows for low-cost gold production and has a daily production capacity of 11 000 t of raw material. Pearl Gold considers doubling the production capacity in two years as being a realistic target.

The gold deposit in Kodieran is expected to contain at least 1.75-million ounces of recoverable gold. The starting operation in Kodieran is one of five potential mining sites in Wassoul’Or’s concession.

The first investment of Pearl Gold is the Malian mining company Wassoul’Or, in which Pearl Gold holds 25% of shares. Wassoul’Or concentrates on the exploration and production of gold and runs the Kodieran gold mine in the south of Mali.