RepatriationIt would seem that KOMET was not the only company to decide that Mali was not the place to be in the mining sector ... but the repatriation of the Wares holdings in KMT to be redeployed in keeping the OM Bathurst camp holdings in close hands and under the watchful eye of Wares (while concentrating attention and capital on Pine Point) -- and the Osiskos in general -- seems timely and businesslike
• Barrick Gold Corp (ABX). AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said, as political crisis grips the West African nation after soldiers seized power in a coup. Australian company Mali Lithium will buy the firm that holds the two miners' stakes in the mine - the other 20% of which is owned by the government of Mali - for a fee estimated at between $22 million and $27 million, Barrick Gold and AngloGold Ashanti said. Both miners said the deal would allow them to focus their capital or attention elsewhere, would extend the life of the mine and "benefit in-country stakeholders". Neither mentioned the political situation in Mali.