PAMBC and Swiss Bullion Company (SBC Group AG) Sign the Protocol Agreement to Create the First Gold Refinery in Mali

The partnership agreement protocol, for an amount totaling approximately fifty eight Million USD, between PAMBC (Malian company) and SBC Group AG (Swiss company), represented by their partners Mr. Abdoulaye Pona and Mr. Dario Littera respectively, and with the approval of Dr. Amadou Baba Sy, Minister of Mines, was signed in the presence of numerous ministers at the Hilton Hotel in Bamako.

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(PRWEB) October 06, 2012

This significant agreement positions the mining industry of Mali, particularly the gold sector, with the financing of a major gold refinery construction project. Dr Sy specified that “This project summons us to great commitment and perseverance to move forward” and he “assured the technical and financial partners that the government of Mali will spare no effort to support this project.”

The refinery, named Kankou Moussa, will be one of the most technologically advanced in the world. Along with South Africa, Mali will be the only African country to have a refinery of this scale. With a yearly treatment capacity of 106 metric tons of gold, Kankou Moussa is destined not only to refine production originating from Mali but also that of all African producers wishing to obtain a quality of 999.9 LBMA certified. Built in the free trade zone close to the Bamako Sénou International Airport, the infrastructure designed by the renowned Luigi Colani will include an air logistics center dedicated to the mining sector.

Mr. Abdoulaye Pona indicated that “The Kankou Moussa refinery project is an initiative that fits into the perspective of developing the subsoil raw materials of Mali and the West African region.” He added that the same initiative “promotes the creation of thousands of jobs and the development of national added value.” In fact, as mentioned several times by Mr. Dario Littera, President of SBC Group AG, during his presentation, “This refinery is a tool for Malians and through its operation by Malian will be able to play an important role in the economic development of that country.” More than 400 direct jobs will be created.

This refinery undeniably constitutes an important asset for Mali and its population in the framework of economic development and international recognition in the gold industry. In addition to the support of the local population and the current government, the Chamber of Mines supports the creation of this refinery.

For any additional information visit http://www.sbcag.ch or please contact :

John Perkins
Swiss Bullion Company
(SBC Group AG)
Fadenbrücke 10, 6374
Buochs, Switzerland
+41 41 620 0820
communication(at)sbcag(dot)ch

Gilles Dirickx
PAMBC Sarl
Immeuble CNPM, Hamdallaye ACI2000
BP 1707 Bamako MALI
+223 20 22 04 90
Gilles(at)afitechmali(dot)com


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