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Encyclopedia > Sadiola

Sadiola is a town in western Mali, south of Kayes. It is home to the largest gold mine in West Africa.

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Bamako is the capital of Mali and approximately 400km from Sadiola.
This is a view of Bamako taken from the "Hill of Power" overlooking the city with glimpses of the Niger River in the background.
The flag of Mali is made up of three colours, green, which represents nature and agriculture of Mali, yellow for wealth (gold) and red for the sacrifice made by their forefathers for independence.
CNX Marketlink (3370 words)
The average gold revenue at Sadiola and Yatela was $439 per ounce in the third quarter of 2005 and $432 per ounce year-to-date 2005 compared to $407 per ounce and $408 per ounce for the same periods in 2004.
Consolidated Gold Institute cash costs at Sadiola and Yatela were steady at $262 per ounce in the third quarter of 2005 versus $264 per ounce for the same period in 2004.
Sadiola and Yatela management have reviewed the claims with legal and tax advisors and are of the opinion that all taxes were properly paid and that the audit report is without merit.
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