Cora Gold Acknowledges Partial Lifting of Mining Permit Moratorium in Mali
Cora Gold Ltd acknowledges the Government of Mali’s partial lifting of the permit moratorium, effective March 15, 2025. This change allows processing of applications for renewing existing permits but excludes new mining titles. Cora sees this as a positive development for its Sanankoro Gold Project and aims to expedite permitting and mine construction promptly.
Cora Gold Ltd has acknowledged that on March 7, 2025, the Government of the Republic of Mali announced a partial lifting of the moratorium on the allocation of mining titles, originally instituted on November 28, 2022. This change will take effect on March 15, 2025. The government confirmed it will process applications for renewing exploration permits, transitioning from exploration to exploitation, and for direct or indirect transfers of existing operating permits.
However, it is important to note that the partial lifting does not extend to applications for new mining titles or exploration permit transfers. Cora Gold views this action as a major positive development for Mali’s mining sector, particularly benefiting its Sanankoro Gold Project located in southern Mali. The company is focused on advancing necessary permitting to expedite the development of an opencast oxide mine.
Following the completion of a redrawing exercise concerning various permit areas, Cora plans to submit an application for a mining permit to facilitate the development of Sanankoro. The intended mining area will include portions of the Bokoro II and Kodiou exploration permits and the Sanankoro II exploration permit, which all expired in 2023 during the moratorium.
Bert Monro, CEO of Cora, expressed appreciation for the government’s decision, stating it would rejuvenate the mining industry, a vital component of Mali’s economy. He indicated that Cora aims to expedite the permitting process and move towards the construction of the Sanankoro Gold Mine promptly, showcasing confidence in significant development potential after updating the project’s Mineral Resource Estimate to over one million ounces for an expected update to the November 2022 Definitive Feasibility Study.
In summary, the partial lifting of the mining title moratorium in Mali signifies a crucial step forward for the country’s mining sector and Cora Gold’s Sanankoro Gold Project. The company anticipates leveraging this change to accelerate permit applications and mine development, with a strong focus on contributing to Mali’s economic growth. Cora’s confidence in the project’s viability underscores the importance of timely engagements between mining companies and government entities for future successes in the industry.
Original Source: www.globalminingreview.com
