Resolute Mining (ASX:RSG) Announces Second Settlement Payment to Mali
Settlement Payments Overview
Resolute Mining (ASX:RSG) has completed its second settlement payment of approximately US$50 million to the Government of Mali, drawing from existing cash reserves. This payment is part of a total obligation of around US$160 million outlined in a protocol signed with the Malian government on 18 November 2024. The remaining balance of approximately US$30 million is expected to be settled by the end of 2024.
Details of the Protocol
The protocol establishes a framework for ongoing discussions regarding the future of Resolute’s operations in Mali. Key points include the migration of the company’s assets to the 2023 Mining Code, ensuring employee safety, and settling all outstanding claims from the government, which cover tax and customs issues.
Future Outlook and Operations
Resolute remains steadfast in its commitment to securing the long-term future of the Syama Gold Mine and its expansion initiatives. Operations at Syama are ongoing without interruption, ensuring stability during discussions with the government.
Andrew Wray, Resolute Mining Non-Executive Chairman, emphasised the company’s dedication to collaborative engagement with the Malian government and stakeholders to foster a secure operational framework going forward.
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