Cora Gold Announces Partial Lifting of Mining Permit Moratorium in Mali

Cora Gold Ltd reports the partial lifting of Mali’s mining permit moratorium, effective 15 March 2025, allowing applications for certain existing permits. The company views this as a significant opportunity for the mining sector and plans to expedite the development of its Sanankoro Gold Project, as indicated by CEO Bert Monro’s statements regarding positive government engagement and project potential.

Cora Gold Ltd has announced that the Government of the Republic of Mali will partially lift the suspension of mining titles, effective 15 March 2025. This moratorium was initially implemented on 28 November 2022. The government will now accept applications for the renewal of exploration and exploitation permits, as well as requests to transition from exploration to exploitation phases and for the transfer of operating permits.

It is essential to note that this partial lifting does not permit the issuance of new mining titles or the transfer of exploration permits. Cora Gold views this development as a pivotal moment for Mali’s mining industry and its own Sanankoro Gold Project in southern Mali, aiming to expedite permission processes for the development of an open-pit oxide mine.

Cora Gold plans to submit a mining permit application for the Sanankoro project, which will include portions of previously expired exploration permits. Bert Monro, the CEO of Cora, expressed optimism regarding the government’s decision, viewing it as a significant inflection point for revitalizing the mining sector in Mali, which is integral to the nation’s economy.

Monro stated, “We welcome this decision by the Mali government and believe it will be a catalyst in re-energising the country’s mining industry.” He highlighted their constructive relationship with the government throughout the moratorium, expressing eagerness to advance the permitting process. With recent updates to the mineral resource estimate indicating over a million ounces, Cora Gold anticipates potential development breakthroughs at the Sanankoro site, aiming for a swift transition into construction.

The partial lifting of the mining permit moratorium in Mali represents a crucial advancement for Cora Gold and the broader mining sector. By allowing the renewal and transition of permits, the government aims to stimulate economic growth while Cora Gold focuses on the development of its Sanankoro Gold Project. The company’s commitment to engaging with authorities and progressing toward construction showcases its optimism and strategic direction within Mali’s evolving mining landscape.

Original Source: www.globalminingreview.com