On Dec. 10 the Morila mine in Mali poured its millionth ounce of gold this year, gaining membership in a very exclusive club. The project is owned 40% by RANDGOLD RESOURCES, 40% by ANGLOGOLD (both of South Africa), and 20% by the government of Mali.
The Morila mine poured its first gold in October 2000 and went info full production three months later. It boasts total cash costs of less than US$100 per ounce. The operation is supported by 11.1 million tonnes of reserves at 4.78 g/t Au and 18.8 million tonnes of resources at 3.93 g/t Au. Geological modelling suggests that the orebody may be open to the southwest, east and west.
Information on which companies are mining gold in Mali can be found on the AME Mineral Economics web site at www.ame.com.au/countries/au/Mali.htm