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CORRECTED-Mali's gold output could hit 60 T by end-2017 - government

Published 2015-11-18, 06:17 a/m
© Reuters. CORRECTED-Mali's gold output could hit 60 T by end-2017 - government
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(Corrects last paragraph to remove Randgold Resources (L:RRS) as an
owner of Sadiola mine)
BAMAKO, Nov 17 (Reuters) - Mali's gold production could rise
to around 60 tonnes a year by the end of 2017 as a series of new
projects comes online, the West African nation's mining minister
said on Tuesday.
Mali is Africa's third-largest gold producer after South
Africa and Ghana and mined 49.865 tonnes of the precious metal
last year. The sector contributes around a quarter of government
revenues.
While output is expected to slip slightly this year as
production from some mature mines dwindles, Boubou Cisse said
that new mine openings would reverse the decline in the coming
years.
"I think that if those...projects come to fruition in two
and a half years, Mali can return to the levels of 60 tonnes per
year in terms of production," he said at an oil and mining
conference in the capital Bamako.
Cisse pointed to projects including Vancouver-based firm
B2Gold's BTO.TO Fekola mine, believed to hold the largest gold
deposits in West Africa and due to open in 2017. urn:newsml:reuters.com:*:nL5N10N4UG
He also said that the Nampala mine, owned by Canadian firm
Robex RBX.V , had overcome earlier technical delays and was
expected to enter production in the first quarter of 2016.
Subterranean mines were expected to open at Sadiola, owned
by Anglogold Ashanti ANGJ.J and Iamgold IMG.TO , and Syama,
controlled by Australia's Resolute Mining RSG.AX .

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