Ann: Morila Exercises Option in Area of Interest-Massigui Project, page-60

First 60 Last

Share
Profile

Follow
SRV

3,252 Posts.

37

12/05/17

12:12

Post #: 24650295
Share

Originally posted by Jack_a_Hearts ↑

https://finance.yahoo.com/news/randgold-resources-loulo-gounkoto-sets-152136602.html

Morila, Mali, Tuesday 25 April 2017 - The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.
The Morila mine, which has since October 2000 produced more than 6Moz of gold and distributed more than $2 billion to stakeholders, is currently processing tailings and returning them to the open pit as part of its self-funding closure strategy. Its self-funding capacity will be boosted by the development of the Domba satellite deposit which has now been approved by the local community and the final environmental certification is now awaited. Mining at Domba is scheduled to start after this rainy season.

Expand

My take on it is that Morila is being rehab'd, RG is going ahead with Domba and AGA aren't included, so a processing solution as far as I understand it wouldn't include Morila. If BGS tenements were so important to keep the processing facility in operation don't you think the Malian govt would've sidled-up to BGS sooner to discuss the practicalities of getting ore from the various prospects?

BGS Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce scores US$2M deal from US Department of Defense for burn wound infections gel

Shekel Brainweigh and Calmer Co lead innovations in the retail space

ARN

Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”