• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report
    …as it strives to boost its Storage Facility, Kenya Pipeline Company (KPC) ventures to upgrade Facilities
    Ecobank Launches Leadership Training Programme to Support Women-Owned Businesses Across Africa
    Equatorial Guinea and DR Congo Strengthen Energy Relations to Enhance Oil and Gas Development
    Digital Farming in Zimbabwe: FarmBuzz Provides Solutions for Farmers to Improve Productivity
    Energy Security: Zambia, Angola Sign Cooperation Agreement in an Effort to Ensure Stability in the Economy

    Kodal Minerals Amasses Advanced Fatou Gold Project in Southern Mali

    Posted On 19 Dec 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Abdul Rahman Bangura–

    Photo Credit: Thenewdemocrat

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone-  Fatou gold project, has a chronological compliant NI 43-101 reserve of over 350 000 oz which is anticipated to improve, founded on a funded nine month drilling programme. In concurrency with the obtainment, Kodal Minerals has obtained a subsidiary-level
    project funding undertaking from AIM-quoted Riverfort Global Opportunities Plc and Riverfort Global Opportunities PCC to provide up to US$2,500 million to finance portion of the accession, execute a major analysis crusade at Fatou and fund exploration at the firm’s extra gold projects in Mali and Côte d’Ivoire. Bernard Aylward – CEO of Kodal Minerals remarked, “This is an exciting opportunity for Kodal to acquire an advanced gold project that has immediate drill targets for testing and that complements our existing gold project portfolio in southern Mali and northern Côte d’Ivoire.

    “This acquisition is part of Kodal’s strategy to demonstrate the value of our gold assets in West Africa whilst simultaneously establishing our first mining operation at our Bougouni lithium project in southern Mali.

    “The funding from the investors would allow Kodal to explore rapidly our gold projects with a clear aim of defining mineral resources and demonstrating expansion and mining potential.”

    The Fatou project consists of two concessions, the Fininko and Foutière concessions. The project forms a contiguous landholding exceeding 300 km2 and has been acquired through agreements with local vendors.

    The project is complementary to Kodal’s existing activities in southern Mali being 100 km to the south of the town of Bougouni and only 30 km to the west of the Nangalasso Gold project.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

     

     

    Invest in Modern Africa
    Africa Fastest Growing Continent. Six of the World’s Ten Fastest Growing Economies are in Africa. More than Half of Global Population Growth between now and 2050 is Expected to Occur in Africa. This Decade Belongs to Africa as Technology Ripples through the Continent. Africa the Untapped Market. Africa Great Continent to Invest & Grow Business. Africa the Last Frontier for Investment. Africa is the Future.

     

    New Africa Business News
     To Contribute, please click  paypal.me/newafricanews . We Appreciate all your Support

     

    New Africa Business News
    Africa’s Fastest Growing Global Newspaper. Forward www.newafricabusinessnews.com
    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Africa and Central Asia Exemplifies key Development Tracts for the Improvement of Palm Oil Enterprises, as both propose Outstanding Alternatives for Local Players and Investors, assert Palm Oil Experts

    Next Story

    Economic Commission for Africa Launched its Flagship Report, Focuses on Private Sector Innovative Financing

    12 Comments

    1. Andy December 19, 2020 at 12:55 am Reply

      Thank you for the reports and thank you for the newsletters. Oxford, UK. Andy

      • New Africa Business News, Staff Correspondent December 19, 2020 at 12:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Amanda December 19, 2020 at 1:01 am Reply

      Beautiful report. Fatou gold project in Mali, hope it benefit the great People of Mali and Africa. Toronto Canada. Amanda

      • New Africa Business News, Staff Correspondent December 19, 2020 at 1:02 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Babatunde December 19, 2020 at 1:08 am Reply

      Some of us know, most of these golds harvested in Africa. Did not benefit our people and never would. Ask why? Lagos Nigeria. Babatunde

      • New Africa Business News, Staff Correspondent December 19, 2020 at 1:11 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Hildah December 19, 2020 at 1:18 am Reply

      Thank you for reporting. Our governments all over, the Continent, need to stop signing bad deals that only benefit them Companies and foreign government lotters. Gaborone Botswana. Hildah

      • New Africa Business News, Staff Correspondent December 19, 2020 at 1:19 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Teboho December 19, 2020 at 1:26 am Reply

      The riches Continent in World, AFRICA, with God given plenty naturals resources, and still the poorest. Why are we the poorest and so rich in all? Maseru in Lesotho. Teboho

      • New Africa Business News, Staff Correspondent December 19, 2020 at 1:27 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Makena December 19, 2020 at 1:33 am Reply

      Journalist Bangura thank you for the report. Africa needs more open minded Journalist like you and thank to this newspaper. Nairobi Kenya. Makena

      • New Africa Business News, Staff Correspondent December 19, 2020 at 1:34 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Posted On 18 May 2022

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    Posted On 17 May 2022

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Posted On 15 May 2022

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    New Africa Business News Award Medalist of Excellence as Africa's President of the Year 2020-2021 meets the Heads of his Ancestors on March 17th, 2021 Samia Suluhu Hassan divulged

    Posted On 20 Mar 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Thanks for reading, Africa’s fastest...

    Posted On 27 Apr 2022

    Facebook

    Latest Posts

    Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration

    Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa

    AfriMoney in complicity with Watu - an Asset FinTech disclose ‘Okada Bomba' Promotion

    Recent Posts

    • Embangweni Trading Centre got a facelift as a Contemporary Modern Market Structure by the Malawi Administration
    • Africa Finance Corporation Launches $2 Billion Facility to Support Economic Recovery in Africa
    • AfriMoney in complicity with Watu – an Asset FinTech disclose ‘Okada Bomba’ Promotion
    • Initiative Launched to Enhance Food Security & Fight Climate Change in West and Central Africa
    • Africa Continues to Lead in Mobile Money Adoption, With Over $403 Billion in Transactions, Report

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.