BAMAKO, Sept 24 Mali's first gold refinery will
be built in a $58 million joint venture between Swiss Bullion
Company and Malian firm PAMBC, officials said on Monday.
The plant will be in southern Mali and is due to begin
operations by November 2013, the director of Swiss Bullion
Company, Dario Littera, said on state radio. It will have a
monthly capacity of 20 tonnes of ore, he added.
Swiss Bullion Company and PAMBC signed the deal on Friday at
a ceremony attended by the Mali's minister of mines, the
government said in a statement.
Mali is Africa's third biggest gold miner behind South
Africa and Ghana, and is on track to raise output despite the
chaotic aftermath of a military coup which allowed militants to
seize control of northern regions.
Mali's gold is currently refined abroad, and the country
produces about 50 tonnes of refined gold a year.
(Reporting by Tiemoko Diallo and Adama Diarra; Editing by
Richard Valdmanis and Pravin Char)