Deal #5347

Location #1

Spatial accuracy level
Exact location
Location
Kayes, Mali

Latitude
14.085411986655693
Longitude
-11.747395723437535
Target country
Mali
Comment on location
approximately 50 kilometers to the SSW of the town of Kayes.

Land area

Intended size (in ha)
19500
Size under contract (leased or purchased area, in ha)
[1997] 19500
Comment on land area
195 square kilometres

Intention of investment

Intention of investment
Mining
Comment on intention of investment
Gold

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[1997] Concluded (Contract signed)
Comment on negotiation status
In late 1997, IAMGOLD and Anglo American purchased the rights to the mining concession.

Implementation status

Implementation status
[2001] In operation (production)
[2013] Project abandoned
Comment on implementation status
Yatela began production in 2001. Mining activities were suspended in September 2013 and the processing of the ore previously mined will continue as the operations continue to wind down. The winding down of Yatela continued through to the end of 2014, at which point stacking of ore on the leach pads was discontinued. A share purchase agreement was entered into with the government of Mali on 14 February 2019.

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Current number of employees (total)
[2009] 800

Operating company

Name of investment project
Yatela Gold Mine
Comment on investment chain
On 14 February 2019, Sadiola Exploration Limited (SADEX) entered into a share purchase agreement with the Government of Mali, whereby SADEX agreed to sell to the Government of Mali its 80% participation in Société d’Exploitation des Mines d’Or de Yatela (Yatela), for a consideration of USD 1 (one US dollar). The transaction remains subject to the fulfilment of a number of conditions precedent.

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Media report
File
Comment on data source
Yatela Data

Data source #3

Data source type
Media report
File
Comment on data source
Mining Life- Yatela Gold Mine, Mali

Data source #4

Data source type
Media report
File
Comment on data source
Progress towards closure of the Yatela mine in Mali

Data source #5

Data source type
Media report
File
Date
2013-09-16
Comment on data source
Mineweb- Mali’s Yatela mine finally calls it a day

Data source #6

Data source type
Company sources

Data source #7

Data source type
Company sources
Publication title
News Release: AngloGold Ashanti Grows Margins and Cash Flow, Charts Path Forward
Date
2019-02-19

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

Water extraction envisaged

Water extraction envisaged
Yes

May 15, 2019, 11:54 a.m.

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Jan. 13, 2017, 12:53 p.m.

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Jan. 13, 2017, 12:36 p.m.

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Nov. 22, 2016, 1:21 p.m.

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