Mali, civilian convoy
Allied Gold (OTCPK:AAUCF) said Tuesday it entered a 50-50 joint venture with a United Arab Emirates-based investment group to help fund its mining operations in Mali. The miner said Ambrosia Investment Holding will buy half its gold mining assets in the African country,
Emirati group Ambrosia Investments Holdings said on Tuesday that it was investing about $500mn into Allied Gold, agreeing to pay $375mn for a 50 per cent stake in Allied’s mines in Mali, and $110mn to buy a 12 per cent stake in the listed parent company.
Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African country, four people familiar with the developments told Reuters on Wednesday.
Interview - As Mali's mining sector faces growing tensions -- highlighted by the recent seizure of gold stocks from the Canadian company Barrick by the military government -- questions about economic sovereignty and mining governance have become more relevant than ever.
Nashik: A row erupted on Tuesday, a day before the scheduled dance performance of actor Prajakta Mali at Trimbakeshwar temple on Maha Mahashivaratri, .
The accident took place in an open-pit area people had gone into in search of gold. Informal mining is a common and dangerous practice in much of West Africa.
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