Mali's gold output exceeded expectations/Rare Metals Extractant

- Nov 27, 2017-

Mamadou Sidibe, deputy director of Mali's planning and Statistics Bureau, revealed that the country's gold output continued to rise, possibly exceeding expectations, according to the MiningWeekly news agency. In the first 9 months, the gold production in Mali was 35.2 tons, 5% higher than predicted. The increase in output in 2017 was mainly due to the production of Fekola (Fekola) giant gold mine of B2 gold company (B2Gold) last month.

Last year, the formal gold mine production in Mali was 46.9 tons, but in May this year, the government said gold production in 2017 would fall to 45 tons, because some new mines will be put into production next year.

In the major mineral company Mali gold production including the Anglo Ashanti gold company (Anglo Gold Ashanti) and Rand gold company (Randgold Resources).

In 2018, hummingbird (Hummingbird Resources) resources company Jan Foley La (Yanfolila) will produce gold.

At the beginning of the year, the Malian government had expected the informal gold production this year to be 50 tons, more than twice as much as 20.1 tons last year.

If so, this year, Mali's gold production will reach 95 tons, an increase of 40% compared with last year.

Mali is now the third largest producer of gold in africa. Gold mining accounted for 1/4 of Mali's government revenue, and gold exports amounted to $2 billion 200 million in 2016.

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