Cora Gold Ltd has announced that Mali’s government will partially lift a mining permit moratorium on March 15, 2025. The lifting allows applications for renewing and transitioning permits but excludes new mining title requests. Cora views this positively for its Sanankoro Gold Project and plans to expedite permitting processes to commence construction soon.
Cora Gold Ltd has reported that on March 7, 2025, the Malian government announced a partial lifting of the moratorium on the allocation of mining permits, initially imposed on November 28, 2022. This change will take effect on March 15, 2025. Under this new framework, the government will accept applications for renewing exploration and exploitation permits, transitioning from exploration to exploitation, and transferring operating permits. However, the moratorium remains for new mining title applications and exploration permit transfers.
The company views this development as a crucial advancement for the Malian mining sector and its flagship Sanankoro Gold Project. Cora Gold aims to expedite the process for creating an opencast oxide mine at Sanankoro. The company plans to submit an application for a mining permit covering areas that include parts of the recently expired Bokoro II and Kodiou exploration permits, and the Sanankoro II exploration permit.
Bert Monro, CEO of Cora, expressed optimism regarding this government decision, viewing it as pivotal for revitalizing the mining industry in Mali, which significantly contributes to the national economy. Cora Gold aims to expedite the permitting process and initiate construction of the Sanankoro Gold Mine as soon as possible. Following an updated Mineral Resource Estimate (MRE), the company is confident in the project’s development potential and plans to share further updates as progress continues.
Cora Gold’s focus on Sanankoro’s permitting and mine development reflects its strategy to robustly engage with the government during the permitting moratorium. The company is poised to advance quickly once the partial lifting becomes official and is enthusiastic about contributing to Mali’s economic future.
The Malian government’s decision to partially lift the permit moratorium marks a positive shift for Cora Gold and the country’s mining sector. Cora is set to expedite applications for existing permits while aiming for swift development of the Sanankoro Gold Project. The company is optimistic about the future and confident in its ability to contribute significantly to Mali’s economy.
Original Source: www.globalminingreview.com
