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B2Gold moving forward with investment of $10m at the Fekola gold complex in Mali

ByVictoria

The decision follows a settlement with the Malian Government over its 2023 mining code, which has reduced the risk of disruption.

B2Gold CEO Clive Johnson said: “From a B2Gold perspective, we have seen a reduction in risk since the signing of our settlement agreement.”

“We have expatriate employees that move in and out of the country regularly, including some of the mine management, so there is no reason to think that any detention would ever be contemplated as it relates to B2Gold,” Johnson added.

Source – Global Data / Reuters reported

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    The South African rand strengthened on Tuesday, helped by the gold price extending its historic run to a new all-time peak.

    At 0814 GMT, the rand traded at 18.0175 against the dollar , about 0.4% stronger than its previous close.

    “At some point a gold price that continues to rise will excite local miners to make a greater effort to mine difficult-to-reach gold deposits. What may not have looked viable several years ago must be looking interesting now,” said ETM Analytics in a research note.

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