Export permit expected in near future
Kodal Minerals has dismissed mainstream media reports that suggest its spodumene exports have been blocked from its Bougouni lithium project in Mali.The company pointed to reports by news agency Reuters, which quoted chief executive Bernard Aylward as saying that regulatory hurdles have left Kodal unable to export its product, as it finalises its export permit with the government.
Aylward is currently in Mali and visiting the operations to review the progress of the mining, processing and exploration drilling."Discussions with the government of Mali on finalising the export permit for spodumene concentrate produced at Bougouni are continuing as planned, and it is expected the permit will be received in the near future.""A further announcement will be made once it is received," the company said on Monday."The government of Mali has been very supportive of the development of Bougouni, and this support continues in the ongoing export permit discussions, and it is acknowledged that it is in the interests of the parties to commence exports of spodumene concentrates as soon as possible," it added.The company has over 27,000t of spodumene concentrate ready for export, gathered from its first production in February.It has one offtake partner, China's Hainan Mining, and it is looking to expand its untapped Boumou resource, which, if successful, will see the company expand the life-of-mine from four years to around 15 years.Kodal has 350sq.km under license, and the company intends to continue to explore its options.Mining CodeIn 2023, Mali's military government announced a new mining code, laying the groundwork for greater state ownership of mines. As a result, leases have been renegotiated with several Western miners, including Barrick, B2Gold and Resolute. Both Barrick and Resolute have had run-ins with the Malian government. However, work has now completely stopped at Barrick's operation.Kodal's deal, meanwhile, saw it transfer 35% of Bougouni to a new entity, Les Mines de Lithium de Bougouni, which is 35% owned by the government of Mali.The remainder will be held by Kodal and its JV partner, the Chinese group Hainan, on a 49-51% split."The company has and continues to enjoy a positive relationship with the government of Mali, having had a presence in the country for over a decade," it said on Monday. "Kodal also wishes to confirm that operations continue as normal, with the ramp-up to nameplate production of the processing plant remaining firmly on track."
Bougouni Bernard Aylward Hainan Mining Boumou
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Freeport LNG Export Plant Set to Resume Service After OutageFreeport LNG resumed feedgas intake on Wednesday after a power interruption led to a shutdown, impacting U.S. and European gas markets.
Read more »
China Bolsters Export Controls on Critical MineralsChina has imposed stricter controls on the export of critical minerals to secure its global dominance and curb illegal trade activities.
Read more »
Venture Global Doubles Q1 Revenue as LNG Export Projects Ramp UpVenture Global reports a doubling of its first-quarter revenue due to increased LNG exports from its operational plants, despite a decrease in net income attributed to non-cash factors.
Read more »
Revived US export plan announced to boost Scottish tradeThe Scottish Government is taking forward research to identify individual American states for exports after scrapping the plans last year.
Read more »
Russia's Oil Export Revenue Plunges to Near Two-Year LowRussia's oil export revenues fell to their lowest level in nearly two years in April due to plunging oil prices, leading to budget shortfalls and a steep revision of revenue forecasts.
Read more »
Trump administration considers adding Chinese chipmakers to export blacklistSome US officials fear move could jeopardise trade talks with Beijing
Read more »