Firefinch outlines interactions with government on Morila gold mine issue

ASX-listed Firefinch confirms that it recently received a letter from the Mali Minister of Mines, stating that the government would not approve any deed of sale of Firefinch’s interest in Societe des Mines de Morila SA unless Firefinch resolves issues relating to the Morila gold mine.

Firefinch also reminds shareholders that the company has already written down the value of its shareholding in Morila SA to nil. The aim of government meetings will be to resolve this matter and reach a solution that results in the government supporting a potential transaction for the company’s sale of its interest in Morila SA, Firefinch informs.

It says the preferred buyer for Firefinch’s interest in Morila SA remains the West African contracting company referred to in the company’s announcement in June.Firefinch directors continue to assess options to deliver value to all shareholders including driving and responding to potential corporate transactions, and preparing the process on returning the assets to shareholders, the company says.

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Source: MiningWeeklyAUS - 🏆 233. / 63 Read more »