Cora Gold Ltd recognizes Mali’s government’s partial lifting of the mining title moratorium effective March 15, 2025. This allows for renewing and transitioning permits but not for new titles. The company views this as a turning point for the Sanankoro Gold Project and aims to expedite permitting and construction efforts.
Cora Gold Ltd has acknowledged that the Government of the Republic of Mali will partially lift the suspension on the issuance of mining titles on March 15, 2025. Initially imposed on November 28, 2022, this moratorium’s easing allows for specific applications related to renewing existing permits and transitioning from exploration to exploitation.
The government’s announcement clarifies that this partial moratorium lifting does not cover new title applications or the transfer of exploration permits. Cora Gold perceives this shift as a beneficial development for both the mining sector and its Sanankoro Gold Project in southern Mali, emphasizing its focus on advancing the necessary permitting processes.
In relation to its Sanankoro project, Cora plans to apply for a mining permit covering areas from the previously expired Bokoro II, Kodiou, and Sanankoro II exploration permits. Following a re-evaluation of these permit areas, the company aims to expedite its mining development processes.
Bert Monro, CEO of Cora Gold, expressed optimism regarding this decision, noting it as a potential catalyst for revitalizing Mali’s mining industry. He highlighted the importance of mining to the national economy and is eager for the Sanankoro project to contribute positively. Monro mentioned ongoing constructive dialogues with the government over the moratorium period, expressing eagerness to advance the permitting process and move towards construction promptly. He conveyed confidence in the project, indicating recent updates have increased the mine’s potential resource estimate significantly.
In summary, the partial lifting of the moratorium on mining titles in Mali is seen as a critical development for Cora Gold and the broader mining industry within the country. With plans to expedite permits and construction of the Sanankoro Gold Mine, Cora Gold is positioned to contribute effectively to Mali’s economy. The positive engagement with the government has set the stage for progressing operations and enhancing development potential.
Original Source: www.globalminingreview.com
