I’m presuming here, but regardless of who is in power, they will need every current and prospective business and industry to financially support the successive leaders and the country’s GDP through foreign investment and export. It would be counterproductive to shelve any ongoing national asset, irrespective of who takes on the role and they have already been referred to as impoverished.
Not only do they get paid for the mining license, but I believe they take a percentage of proceeds
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Personally, I am confident that this license will be signed since this is not related to this conflict, but for that to be done all these events need to cease, since the focus is on the political resolutions of the country.
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Playing devils advocate, what’s to stop a new regime simply “nationalising” the asset and keeping it for themselves?
The whole blood on the streets saying is all well and good when you’re confident the value will be realised, but surely there’s a real risk here it could be taken away?
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Mali generated $621k last year through mining licenses alone. Who would want to do business with them if they keep everything for themselves. Providing they even have the assets and know how to get the job done.
Selling licenses and allowing mining companies to work in Mali is free money for small risk to them.
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A good thought, and I understand the concern, but the Mali project is a relatively small extension to their inter-Africa network of mining assets, although it will be very lucrative when it begins production. When all said and done, the company is a British company, floated on the British stock exchange, and simply operating across various countries in Africa, not all of which are in the current state that Mali is. The Malian government wound not be able to simply “Nationalise” Kodal Minerals. They may look at the location, refuse the license, and attempt to mine the area themselves, which might be a minor set back, but it would be highly unlikely, as they neither have the technology, machinery, financing or know-how to implement that strategy. Mali cannot currently borrow from the IMF to fund this kind of exercise, so it would be much simpler for them to sell the licenses to foreign investment companies and generate a national income from that to improve their fiscal structure. Irrespective of who is in power after all this.
To clarify, I meant the tenement as the asset (rather than the company). But you make some valid points about what other options the rulers of Mali have if they were to prevent Kodal from mining there.
Like all other explorers, it will be a long, long time before we would ever see production, but I am concerned that this will make investors nervous when there are so many other undervalued explorers out there operating in relatively safer/ more stable jurisdictions.
Ultimately always comes back to high risk = high reward 
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Rewards seem to be coming in now.
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Mali’s ousted interim president and prime minister were freed on Wednesday night according to msn.com
Very uncertain situation yet to think that a bureaucratic act could be fulfilled in a timely manner.
Listen from 8:30
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Many thanks for sharing this, great to get this insight…
If I’m not mistaken, in January 2020 they applied for the license and only now we have an update on it, with the former Prime Minister giving a positive signal, waiting only for a few corrections. However, the Prime Minister has been ousted and I believe his acts will also be, so it will be necessary to go through again the evaluation of a new prime minister, who apparently has not yet taken over. So I wonder how long this will take, since the country is in conflict and clearly has other priorities. Just like the analyst, I’m also positive, but I don’t personally expect anything to happen soon. I’d risk saying months. But, as always, dyor.
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Yes, back in Jan 2020. But the delay was mostly due to Covid, I can’t imagine the process will start again, changes being made are to comply with policies implemented in 2019, so everything is, so far, by the books. Unless the new leaders decide to rewrite the entire process there would be no reason for them to object.
Bernard has been dealing in Africa for a long time, he knows the policies and is a great negotiator, I would be surprised if this causes any delay longer than a month.
We were up to the stage of payment, I don’t think it will be long before we see a confirmation.
But time will tell. My position won’t be shrinking any time soon
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Not only COVID, but also the first conflict in 2020. I’ll repeat what I said above: I’m confident, but not as much as in relation to that one-month deadline, but keeping what you have is what I would also do in this case.
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KOD: Gold Exploration and Mali Update
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Now that is good news to read, thanks for sharing Chris.
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Further gains so far today look promising, 11% up so far…
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A new Prime Minister was nominated yesterday.
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@RGol thanks for the heads up, lets hope the paper that needs signing is on the desk ready to go…
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