Resolute Mining Limited Mali Update and Second Settlement Payment
29 Novembre 2024 - 8:00AM
RNS Regulatory News
RNS Number : 1031O
Resolute Mining Limited
29 November 2024
29
November 2024
Update on Mali Discussions
and Second Settlement Payment
Resolute Mining ("Resolute" or the
"Company") (ASX/LSE: RSG) announces that it has made the second
settlement payment of approximately US$50 million to the Government
of Mali from existing cash reserves. The remaining payment of
approximately US$30 million is anticipated to be paid by the end of
2024 from existing liquidity sources.
The settlement payments totaling
approximately US$160 million are pursuant to a memorandum of
understanding expressed as a protocol (the "Protocol") that
Resolute executed with the Government of Mali on 18 November 2024.
The Protocol sets the framework for further detailed discussions
with the Government regarding the long-term future of Resolute's
operations in Mali. This includes migration of the Company's assets
in Mali to the 2023 Mining Code alongside maintaining the safety of
all Company employees.
As announced previously, the
Protocol also provides that all outstanding claims by the
Government against the Company, including those related to tax,
customs levies, maintenance and management of offshore accounts are
settled. Discussions with the Government of Mali are ongoing to
clarify points of the Protocol. Further details around the
specifics of the Protocol will be provided in due
course.
Resolute remains focused on securing
the long-term future of, and creating certainty for, the Syama Gold
Mine and its expansion plans. The Company also remains committed to
working collaboratively with the Malian Government together with
all its stakeholders.
Operations at Syama continue as
normal and have not been impacted.
Authorised by Andrew Wray,
Non-Executive Chairman
Contact
Resolute
Matthias O'Toole Howes,
Corporate Development and Investor
Relations Manager
Matthias.otoolehowes@resolutemining.com
+44 203 3017 620
|
Public Relations
Jos Simson, Tavistock
resolute@tavistock.co.uk
+44 207 920 3150
+44 778 855 4035
Corporate Brokers
Jennifer Lee, Berenberg
+44 20 3753 3040
Tom Rider, BMO Capital Markets
+44 20 7236 1010
|
Resolute Mining Limited ABN 39
097 088 689
Level 17, 2 The Esplanade, Perth,
Western Australia 6000
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