Cora Gold Ltd reports a partial lifting of Mali’s mining permit moratorium effective 15 March 2025. This allows renewals and transitions of existing permits, although new applications are still restricted. The company anticipates advancing its Sanankoro Gold Project permit process and moving towards mine construction, bolstered by positive government relations and significant mineral resource estimates.
Cora Gold Ltd has announced that the Government of the Republic of Mali will partially lift the suspension on mining title allocations, effective 15 March 2025. This decision, communicated on 7 March 2025, follows a moratorium that began on 28 November 2022. The government will now accept applications for renewing exploration and exploitation permits, transitioning from exploration to exploitation, and transferring operating permits, although it will not consider new mining titles or exploration permit transfers.
The company regards this partial lifting as a pivotal development for the Malian mining sector, particularly for its flagship Sanankoro Gold Project situated in southern Mali. Cora is focused on advancing the permitting process to expedite the establishment of an opencast oxide mine. With the completion of a permit area redrawing exercise in collaboration with Malian authorities, Cora aims to submit a mining permit application that includes portions of the previously expired Bokoro II and Kodiou exploration permits, as well as the Sanankoro II exploration permit.
Bert Monro, CEO of Cora, expressed enthusiasm regarding this governmental decision, which he believes will reinvigorate Mali’s mining industry. His remarks emphasized mining’s vital role in the national economy and the urgency for Sanankoro to contribute to the nation’s development. Monro noted, “We have had positive engagement with the Government over the last two years… Cora intends to move into construction of the Sanankoro Gold Mine as quickly as possible.” He also highlighted the project’s updated mineral resource estimate of over one million ounces and expressed confidence about the mine’s development potential. Cora Gold looks forward to providing further updates on their progress.
The partial lifting of the permit moratorium in Mali signifies a crucial advancement for Cora Gold Ltd and the broader mining sector. It allows the company to renew existing permits and transition to exploitation phase, enhancing prospects for the Sanankoro Gold Project. Cora’s leadership is optimistic about the future developments in the mining industry, and the company’s readiness to proceed with necessary applications underscores their commitment to contribute to Mali’s economic growth.
Original Source: www.globalminingreview.com
