Posted on 10/04/2017 12:45:57 PM PDT by bananaman22
Mali’s gold exports are falling, and new discoveries aren’t enough to make up for the loss of its giant legacy mines, where production is already dead or winding down, and the fate of one of the biggest of them all—Sadiola—now hangs in the balance.
(Excerpt) Read more at oilprice.com ...
Works for me! The less gold mined, the more valuable my stash. ;)
Mali might have oil reserves - sits atop one of the last largely unexplored basins in the world:
https://en.wikipedia.org/wiki/Taoudeni_basin
But they have a thriving slave trade. Can’t they do well enough with that?
IIRC, Mali was the seat of a great medieval empire and they were mining gold back then.
***Mali was the seat of a great medieval empire and they were mining gold back then.***
You can bet they didn’t pay union wages to their miners! Most likely castrated blacks from the south.
Well, as Hobbes observed, back then life was nasty, brutish and short.
Thirty years ago, this was the largest gold mine in Mali:
https://www.youtube.com/watch?v=WOFDveG8nws
How'd they "lose" the mines? Who stole away with them? They didn't LOSE anything; they used it all up.
Gold isn’t generally found by itself.. There’s lots of other stuff with it: copper, mercury, uranium, titanium, tungsten, etc. I would think the mine’s could convert their ore extraction process and continue to pull out other stuff!
Re4minds me of the old statement..
Gold is where you find it, but you can always find Silver,
under the Lone Ranger.
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