Resolute Mining Ltd
Resolute Mining Limited is an Australia-based gold miner, developer, and explorer company.
The business
Resolute Mining Limited is an Australia-based gold miner, developer, and explorer company. The Company owns two producing gold mines: the Syama Gold Mine in Mali (Syama) and the Mako Gold Mine in Senegal (Mako). Its segments include Syama, Mako and Cote d'Ivoire. Syama is in the south-west of Mali, over 30 kilometers (km) from the Cote d'Ivoire border and 300 km south-east of Bamako. Syama Gold Mine comprises the Syama Underground Mine, Tabakoroni Complex, Syama North Resource and several satellite oxide pits. The Mako Gold Mine, located in eastern Senegal, is an open-pit operation with deposits such as Tomboronkoto and Bantaco. Its projects include the Doropo Gold Project and ABC Project in Cote d'Ivoire. Doropo is advancing as a development project, while ABC is an exploration project located north-west of Abidjan. It also holds exploration projects in Guinea, which include Niagassola and Siguiri-Kouroussa projects. Its La Debo project is located in southwestern Cote d'Ivoire.
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Resolute Mining pays US$160m to resolve Mali tax dispute and release detained staff members
Resolute Mining (ASX: RSG) has agreed to pay US$160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the military-led government detained chief executive officer Terry Holohan and two senior staff members. In a statement on Monday, Perth-based Resolute said it had signed a memorandum of understanding (MoU) with […]
Resolute Mining CEO and employees detained in Mali amid ongoing local tensions
Resolute Mining (ASX: RSG) has confirmed media reports that the company’s chief executive officer Terence Holohan has been detained along with two other employees by government officials in Mali. Resolute said the executives were taken after participating in discussions with officials from the mining and tax authorities in the capital, Bamako. The company said it […]
West African gold boom ramps up as bargain hunters continue circling
With gold’s climb back towards US$2,000 an ounce, gold explorers are scrambling to get projects off the ground around the world, but one region has been getting a lot of attention in recent years – Africa. Gold reached its highest point this week since January and is hovering just under US$1,900/oz. The metal has been […]
Predictive Discovery uncovers 52g/t gold at Kaninko
Africa-focused Predictive Discovery (ASX: PDI) has uncovered up to 52 grams per tonne gold in artisanal mine samples collected from its wholly-owned Kaninko permit in Guinea. Predictive accumulated 97 samples from artisanal mine dumps across the project with the peak 52.1g/t gold result arising out of the Bankan Creek prospect. Over at the Bankan North-East […]
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