Cora Gold Ltd announced the partial lifting of a moratorium on mining permits in Mali, effective March 15, 2025, allowing the processing of certain existing permit applications. Cora views this as a pivotal moment for both the mining sector and its Sanankoro Gold Project, with plans to expedite the permitting process and move towards construction.
Cora Gold Ltd has confirmed the Government of the Republic of Mali announced a partial lifting of the mining titles permit moratorium on March 7, 2025, effective from March 15, 2025. The moratorium, instituted on November 28, 2022, will now allow specific applications related to existing mining operations, including renewals for exploration and exploitation permits, transitions from exploration to exploitation, and transfers of operating permits. However, the issuance of new mining titles remains restricted.
Cora Gold views this development as a crucial advancement for Mali’s mining sector and for its flagship Sanankoro Gold Project located in southern Mali. The company’s primary objective is to expedite permitting processes to facilitate the development of an opencast oxide mine at Sanankoro. Following a recent reconfiguration of permit areas, Cora plans to submit an application for a mining permit, encompassing parts of the previously expired Bokoro II and Kodiou exploration permits, alongside the Sanankoro II permit.
Bert Monro, CEO of Cora Gold, expressed optimism regarding the government’s announcement. He stated that this decision would act as a catalyst for revitalizing the mining industry in Mali, which is essential for the nation’s economic growth. He noted the company’s preparedness to advance the permitting process swiftly post-moratorium, with aspirations to commence the construction of the Sanankoro Gold Mine soon. Cora recently enhanced the project’s Mineral Resource Estimate to over 1 million ounces, reinforcing their confidence in the project’s potential.
In summary, Cora Gold Ltd has noted the Mali government’s decision to partially lift the moratorium on mining permits, signaling a positive shift for the mining industry. This will enable the processing of critical applications for existing projects, particularly Cora’s Sanankoro Gold Project. The company’s leadership expresses commitment to advancing the project swiftly, aiming to contribute significantly to Mali’s economy.
Original Source: www.globalminingreview.com
