Robex has secured an agreement with the Malian government for continued operations at the Nampala gold mine, complying with a new mining code that raises taxes and state stakes in mines. The company will now cede a 20% stake to the state and aims to produce 1.4 tonnes of gold annually over eight years. Robex also plans to focus on its Kiniero project in Guinea, with production expected to start in late 2025.

Robex, a Canadian mining company, has finalized an agreement with the Malian government to continue operations at its Nampala gold mine. Situated approximately 300 km south of Bamako, the mine has been operational since 2017. This agreement comes amid Mali’s recent reforms in its mining sector, which include a new mining code that imposes higher taxation and increased state participation in mining assets.

The agreement between Robex and the Malian government underscores the challenges faced by foreign mining companies in Mali due to heightened regulatory requirements. While Robex adapts to these changes and commits to future production, it also shifts focus to its Guinea operations amid a complicated investment climate in Mali.

Original Source: www.mining.com