Cora Gold has announced the bidding procedure to choose a partner for the preliminary engineering and construction of the Sanankoro gold mine in Mali. The procedure will formally start once Bamako lifts the ban on the issue of mining permits.

The company has announced the addition of new leaders to its management team pending this deadline. Project manager Lourens Steenekamp is one of them. He will benefit the Sanankoro project by bringing more than 30 years of experience in the mining industry. Mr. Steenekamp has previously held notable positions as project manager for the mines at Syama, Mali, and Sissingué, Côte d’Ivoire.

Other recruits include Murray Paterson as head of geology and Frikkie Fourie as a mining consultant. Before taking a position as vice-president in charge of mining for Galiano Gold, Frikkie Fourie served as an advisor on almost thirty different projects. While Murray Paterson is a geologist with thirty years of expertise. Particularly on the Yanfolila and Syama gold mines in Mali.

Production capacity of Sanankora Gold Mine

A feasibility assessment that was released in November 2022 states that Sanankoro gold mine can produce 380,000 ounces in total over the course of a lifespan of about 7 years. The mine will be constructed in just 21 months.

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Bert Monro, Cora CEO said, “We are lucky to have discovered individuals with their particular caliber and skill set. Who have practical knowledge of carrying out gold projects in West Africa from design to construction and development.”

Recall that Cora Gold strengthened its management team at the same time that it gave Atlantique Finance, a division of the Banque centrale populaire group (BCP), the task of searching for funding for the construction of the mine totaling 70 million dollars, at the end of June. Therefore, the mining company is working to gather its resources so that, as soon as the Malian government gives the go-ahead, it may establish its first gold mine.