- B2Gold (NYSE:BTG) says it started international arbitration proceedings against the government of Mali in its dispute over the denial of an extension for the Menankoto exploration permit.
- The previous government, which was removed in a military takeover last month, did not renew the permit, instead granting it to a small domestic company.
- Earlier this month, the Ministry of Mines, Energy and Water told B2Gold that its permit application was rejected because it was subject of a court decision.
- B2Gold says operations at the Fekola mine, which is on a different permit, are continuing normally.
- B2Gold is a "solid company but Africa is always a risk," Fun Trading writes in an analysis posted on Seeking Alpha.