Cora Gold Ltd reports that the Government of Mali will partially lift the mining title moratorium effective March 15, 2025. The move allows applications for permit renewals and transitions but excludes new titles. Cora views this as a positive step for its Sanankoro Gold Project, with intentions to expedite permitting and construction.
Cora Gold Ltd has announced that the Government of Mali will partially lift the moratorium on mining titles as of March 7, 2025. This decision follows the suspension originally enacted on November 28, 2022, and will be effective from March 15, 2025. The government indicated that it will resume processing applications for exploration and exploitation permit renewals, transitions from exploration to exploitation, and transfers of operating permits. However, applications for new mining titles and transfers of exploration permits remain prohibited.
This partial lifting is seen as a pivotal moment for Mali’s mining sector and particularly beneficial for Cora’s Sanankoro Gold Project. The company is focused on advancing the necessary permitting to expedite the development of an opencast oxide mine. Following a review of multiple permit areas, Cora plans to submit an application for a mining permit for the Sanankoro site, which includes portions of previously expired permits and current exploration areas.
Bert Monro, CEO of Cora, expressed optimism regarding the government’s decision, highlighting its potential to revitalize Mali’s mining industry. He emphasized the sector’s contributions to the national economy and expressed the company’s eagerness to expedite the development of the Sanankoro project, particularly after achieving a milestone with a resource estimate exceeding 1 million ounces. Cora aims to initiate construction of the Sanankoro Gold Mine swiftly as further developments unfold.
The partial lifting of the moratorium by the Malian government represents a crucial opportunity for Cora Gold and the broader mining sector in Mali. By enabling the processing of certain permit applications, it allows for significant progress towards the development of the Sanankoro Gold Project. Cora’s proactive engagement with government authorities during the moratorium suggests a constructive relationship that may facilitate future advancements in the sector.
Original Source: www.globalminingreview.com
