Gold producer Mali grants four permits to Qatar Mining

July 18, 2014 - 3:37:59 am

Doha: Mali has awarded four mining permits to Qatar Mining, the mines minister said, as the West African country seeks to boost exploration to offset ageing mines.

“Qatar Mining has opened its Mali entity. We will be granting them four mining concessions — greenfield projects — they will develop in the next few years,” Boubou Cisse said.

The deal follows a meeting between President Ibrahim Boubacar Keita and a Qatari investment team last month.

“This company (Qatar Mining Mali Greenfield) will represent Qatar’s interests in Mali and the region as they say they would like to make Mali their base for West Africa,” Lassana Guindo, a ministry official, said.

A document outlining Qatar Mining’s investments shows the permits cover four zones — Tabako, Mininko Nord, Netekoto and Linguekoto in the west and south. Reuters