The global mining drilling services market is experiencing a powerful surge, driven by the rising demand for critical minerals, expanding infrastructure projects, and rapid technological […]
Tag: mineral exploration
Unlocking Africa’s Mineral Future: RMDB Urges Bold Action Amid $770 Billion Market Outlook
As the global race for minerals intensifies, Africa stands at a critical crossroads. With the projected value of the global minerals market expected to rise […]
Robex Resources Extends Nampala Gold Mine’s Life Amid Growing Tensions in Mali
Robex Resources Extends Nampala Gold Mine’s Life Amid Growing Tensions in Mali
Kodal and Mali Government Sign MoU for Bougouni Lithium Project Transfer
Kodal Minerals has entered a binding memorandum of understanding (MoU) with the Malian government to finalize the transfer of the Bougouni lithium project mining license to Les Mines de Lithium de Bougouni SA (LMLB). This agreement follows a $117.5 million investment from Hainan Group and is governed by the 2023 Mining Code of Mali. Key provisions of the MoU include the allocation of a 35% equity interest in LMLB to the Malian State and local investors, with customs and duties exemptions during the construction phase. Kodal Minerals CEO Bernard Aylward emphasized that this milestone solidifies the project’s future and underscores the strong partnership between Kodal and the Malian government, with production expected to begin in the first quarter of 2025.