Mali Gold Output to Surpass Forecast for 2021

SEATTLE (Scrap Monster):  The African country of Mali is in track to beat the earlier output forecasts for the current year. The country is one of the biggest gold producers in the African continent, being home to mines operated by top mining firms including Barrick Gold, B2Gold, Resolute Mining and AngloGold Ashanti.

According to Mines Ministry, the gold production from all the 13 mines in the country totalled 47.1 tonnes during the initial nine-month period of 2021. This is higher by 2.6 tonnes than the earlier forecast of 44.5 tonnes for the period. Going by the current trend, the annual gold production by the country is all set to surpass the 60.5 tonnes forecast for the current year, the official noted.

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Mamadou Sidibe, Head of the Audit and Statistics Department, said that the country is on track to reach or even exceed the production target for the year, especially because the last quarter traditionally records strong production. It must be noted that the industrial gold production by Mali had totalled 65.2 tonnes in the whole of 2020.

Mali had recently announced fresh rules aimed at combating illegal gold mining activity in the country, which has resulted in significant boost in industrial gold production. As per new directives, all small-scale miners operating in the country need to take permit. Furthermore, it plans to set up new cooperatives to formalize middlemen trading.