UAE investor buys stake in Mali gold mines from Canada’s Allied Gold

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Financial Times 11h ago

UAE investor buys stake in Mali gold mines from Canada’s Allied Gold - Financial Times

Quick Summary:

He hoped that could change through further discussions.“We can hopefully come to a better conclusion on what is a proper split that will encourage new investment to come into the country,” said Marrone, who previously founded and chaired Yamana Gold.

In Mali, Allied owns the Sadiola mine, which produces around 200,000 ounces of gold annually and is undergoing an expansion.

Mali’s military government adopted a new mining code last August, and embarked on a series of negotiations with miners to enforce the new measures in the autumn.