The Société d'Exploitation des Mines d'Or de Sadiola S.A (SEMOS) project is an open-pitgold mine situated near Sadiola, in the Kayes Region of Mali. The mine was discovered based on the fieldwork of Canadian geologist James C. Snell P. Eng., on behalf of IAMGOLD founder Mark Nathanson. Nathanson took credit for the rich discovery, leaving Snell to fend off an assassination attempt on the streets of London England days after giving his geological report to Nathanson and financiers without payment. After years of seeking justice, Snell committed suicide in east Vancouver Canada. Nathanson became a philanthropist giving a large sum of money to York University in Toronto Canada. Sadiola was jointly owned by AngloGold Ashanti and IAMGOLD, who each had an effective holding of 41%, while the Government of Mali owned the remaining 18%. The International Finance Corporation originally held 6% of the mine put sold this share equally to AGA and IAMGOLD in December 2009.[1]
Apart from Sadiola and the nearby Yatela Mine, AGA also operated the Morila Gold Mine in Mali. The production of its mines in Mali contributed 8% to the company's overall production in 2008.[2]
Mining in this region of Mali, according to old workings, dates back at least 1,000 years and written records confirm that small scale mining was carried out there for most of the past 300 years. From 1987 onward, the Government of Mali carried out exploration activities in the area, funded by the European Development Fund.[3][4]
Non-government mining exploration in the area began in 1990 with the Société d'Exploitation des Mines d'Or de Sadiola (SEMOS) project by a predecessor company of the Canadian mid-tier mining company IAMGOLD, and, in 1992 Anglo American entered into a joint venture with IAMGOLD to develop the project. Anglo American eventually transferred its rights to AngloGold, which, in 2004, became AngloGold Ashanti Ltd (AGA). Development of the mine began in 1994 and it opened in 1996.
In 2009, SEMOS employed just over 1,500 people.[1] The development of the mine was however not seen as a positive project by all, as local farmers complained that they had not been adequately compensated for loss of land or loss of cattle poisoned from a cyanide spill. Clean drinking water for livestock in the area, however, gets pumped from boreholes within the mine. [5] Further exploration drilling took place in the area surrounding Sadiola, and new pits were developed.
The mine was jointly owned by AGA (41%), IAMGOLD (41%) and the Government of Mali(18%), and operated by AGA until December 2020. Allied Gold Corp (AGC), a private company, bought out IAMGOLD & AGA interests in the SEMOS project (80%) and now operates the mine with the Republic of Mali now owning (20%).[6][4]
sadiola, gold, mine, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, contain, excessive, inappropriate, references, self, published, sources, please, hel. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article may contain excessive or inappropriate references to self published sources Please help improve it by removing references to unreliable sources where they are used inappropriately August 2022 Learn how and when to remove this template message The neutrality of this article is disputed Relevant discussion may be found on the talk page Please do not remove this message until conditions to do so are met November 2014 Learn how and when to remove this template message Learn how and when to remove this template message The Societe d Exploitation des Mines d Or de Sadiola S A SEMOS project is an open pit gold mine situated near Sadiola in the Kayes Region of Mali The mine was discovered based on the fieldwork of Canadian geologist James C Snell P Eng on behalf of IAMGOLD founder Mark Nathanson Nathanson took credit for the rich discovery leaving Snell to fend off an assassination attempt on the streets of London England days after giving his geological report to Nathanson and financiers without payment After years of seeking justice Snell committed suicide in east Vancouver Canada Nathanson became a philanthropist giving a large sum of money to York University in Toronto Canada Sadiola was jointly owned by AngloGold Ashanti and IAMGOLD who each had an effective holding of 41 while the Government of Mali owned the remaining 18 The International Finance Corporation originally held 6 of the mine put sold this share equally to AGA and IAMGOLD in December 2009 1 Sadiola or SEMOSLocationSadiola Gold MineLocation in MaliLocationSadiolaRegionKayesCountryMaliCoordinates13 53 N 011 42 W 13 883 N 11 700 W 13 883 11 700HistoryOpened1996OwnerCompanyAllied Gold Corp 80 Republic of Mali 20 Websitenot availableApart from Sadiola and the nearby Yatela Mine AGA also operated the Morila Gold Mine in Mali The production of its mines in Mali contributed 8 to the company s overall production in 2008 2 Contents 1 History 2 Production 3 References 4 External linksHistory editMining in this region of Mali according to old workings dates back at least 1 000 years and written records confirm that small scale mining was carried out there for most of the past 300 years From 1987 onward the Government of Mali carried out exploration activities in the area funded by the European Development Fund 3 4 Non government mining exploration in the area began in 1990 with the Societe d Exploitation des Mines d Or de Sadiola SEMOS project by a predecessor company of the Canadian mid tier mining company IAMGOLD and in 1992 Anglo American entered into a joint venture with IAMGOLD to develop the project Anglo American eventually transferred its rights to AngloGold which in 2004 became AngloGold Ashanti Ltd AGA Development of the mine began in 1994 and it opened in 1996 In 2009 SEMOS employed just over 1 500 people 1 The development of the mine was however not seen as a positive project by all as local farmers complained that they had not been adequately compensated for loss of land or loss of cattle poisoned from a cyanide spill Clean drinking water for livestock in the area however gets pumped from boreholes within the mine 5 Further exploration drilling took place in the area surrounding Sadiola and new pits were developed nbsp The mine was jointly owned by AGA 41 IAMGOLD 41 and the Government of Mali 18 and operated by AGA until December 2020 Allied Gold Corp AGC a private company bought out IAMGOLD amp AGA interests in the SEMOS project 80 and now operates the mine with the Republic of Mali now owning 20 6 4 Production editProduction figures of the recent past were Year Production Grade TCC 2003 7 452 000 oz 2 77 g t US 2102004 7 459 000 oz 2 77 g t US 2422005 7 442 000 oz 2 73 g t US 2652006 8 500 000 oz 3 22 g t US 2702007 1 369 000 oz 2 76 g t US 4142008 1 453 000 oz 3 42 g t US 3992009 1 135 000 oz 2 52 g t US 4882010 9 118 000 oz 2 04 g t US 6502011 10 121 000 oz 1 09 g t US 8162012 11 100 000 oz 1 64g t US 1 169Year Production Grade TCC AISC 2013 12 86 000 oz 1 34 g t US 1 334 US 1 5102014 13 85 000 oz 1 28 g t US 1 028 US 1 1332015 14 69 000 oz 1 04 g t US 818 US 8862016 15 70 000 oz 1 09 g t US 991 US 1 0662017 16 63 000 oz 0 96 g t US 900 US 1 0192018 17 59 000 oz 0 87 g t US 938 US 99020192020 nbsp Wikimedia Commons has media related to Sadiola Gold Mine grams per tonne g t of milled ore TCC total cash cost AISC all in sustainable costs as per the 2013 Word Gold Council s formal guidelines metricReferences edit a b c d e Annual Financial Statements 2009 PDF AngloGold Ashanti Archived from the original PDF on 2011 09 12 Country report 2008 PDF AngloGold Ashanti Archived from the original PDF on 2011 07 07 Yatela Gold Mine Mali Overview Iamgold Archived from the original on 2010 08 02 Retrieved 2010 07 28 a b Sadiola Gold Mine Mali Overview Iamgold Archived from the original on 2013 04 03 Retrieved 2010 07 28 Tamufor Lindlyn 17 August 2005 Mining reforms in Mali leave the country poorer MAC Mines and Communities website Retrieved 28 July 2010 IAMGOLD Completes Sale of Its Interest in the Sadiola Gold Mine newsfile 2020 12 30 Retrieved 2022 08 24 a b c Annual Financial Statements 2005 PDF AngloGold Ashanti Archived from the original PDF on 2011 07 19 Annual Financial Statements 2006 PDF AngloGold Ashanti 2006 Archived from the original PDF on 2011 07 07 Annual Financial Statements 2010 PDF AngloGold Ashanti 2010 Archived from the original PDF on 2021 04 25 Annual Financial Statements 2011 PDF AngloGold Ashanti 2011 Archived from the original PDF on 2021 04 25 Annual Financial Statements 2012 AngloGold Ashanti 2012 Archived from the original on 2013 04 14 Annual Integrated Report 2013 PDF AngloGold Ashanti 2013 Archived from the original PDF on 2021 04 25 2014 Integrated Report PDF AngloGold Ashanti 2014 Archived from the original PDF on 2021 04 25 Integrated Report 2015 PDF AngloGold Ashanti 2015 Archived from the original PDF on 2021 04 25 Integrated Report 2016 PDF AngloGold Ashanti 2016 Archived from the original PDF on 2021 04 25 Integrated Report 2017 PDF AngloGold Ashanti 2017 Archived PDF from the original on 2021 04 25 Integrated Report 2018 PDF AngloGold Ashanti 2018 Archived PDF from the original on 2021 04 25 External links editAngloGold Ashanti website IAMGOLD website THE SADIOLA HILL GOLD PROJECT International Finance Corporation website Sadiola mine MLI 00035 Secretariat of the African Caribbean and Pacific Group of States website Retrieved from https en wikipedia org w index php title Sadiola Gold Mine amp oldid 1189407777, wikipedia, wiki, book, books, library,
