Guinea permit review puts spotlight on AngloGold-Resolute deal
Guinea’s ongoing review of dormant and underused mining licences has raised questions around a recent agreement between gold miners AngloGold Ashanti and Resolute Mining, following local media reports that some exploration permits – including those held by Resolute – could be subject to cancellation. Australia- and UK-listed Resolute said on Thursday that it was seeking clarification from the Guinean government following reports aired on local television this week about the potential cancellation of a significant number of exploration permits. While the company has not received formal notification, it confirmed that the permits in question reportedly include its Niagassola, Doko, and Siguiri-Kouroussa tenements.
Guinea’s ongoing review of dormant and underused mining licences has raised questions around a recent agreement between gold miners AngloGold Ashanti and Resolute Mining, following local media reports that some exploration permits – including those held by Resolute – could be subject to cancellation.
Australia- and UK-listed Resolute said on Thursday that it was seeking clarification from the Guinean government following reports aired on local television this week about the potential cancellation of a significant number of exploration permits. While the company has not received formal notification, it confirmed that the permits in question reportedly include its Niagassola, Doko, and Siguiri-Kouroussa tenements.
