Robex Resources Gets Go-ahead To Open Gold Mine in War-torn Mali
April 03 2012 - 11:52AM
Dow Jones News
Canadian gold miner Robex Resources Inc. (RBX.V) said Tuesday it
had received the last go-ahead it needed to open the Nampala mine
in Mali, a country plunged into chaos by a recent coup and ongoing
civil war.
The Quebec-based company said it received a 30-year production
permit Tuesday, the same day that Mali's borders with other west
African states closed down. The landlocked country's neighbors are
using such moves to force Mali's military out of power.
Once a promising democracy, Mali's government was overthrown
March 22, by junior officers furious over the slow provision of
arms to fight an insurrection in the country's north.
Nearby miners including AngloGold Ashanti Ltd. (AU) and Randgold
Resources Ltd. (GOLD) are faced with the challenges of staying
operational in a country split by civil war. In an April 1
interview, Rangold's Chief Executive Officer Mark Bristow told Dow
Jones Newswires that the company's Mali mines only had enough
diesel to continue at full capacity for two weeks.
Rebels, meanwhile, say they now control the entirety of northern
Mali, a region larger than France. Most of the country's gold mines
are far from that conflict zone, but still dependent on imported
fuel--virtually all of Mali's fuel comes from Senegal or Ivory
Coast, both countries that have closed their Malian borders.
-By Drew Hinshaw, The Wall Street Journal; +221-77-698-45-61;
drew.hinshaw@gmail.com