Second Mali Gold Mine Scores Backing From Former Olam Exec
Eagle Eye is doubling down on the West African nation.
Photographer: Simon Dawson/Bloomberg
The family office of Indian businessman Gagan Gupta has agreed to fund a second gold mine in Mali, providing a boost to a government that’s been at loggerheads with mining investors in recent years.
Eagle Eye Asset Holdings Pte. Ltd. has struck a $120 million deal with Cora Gold Ltd. to support the development of the Sanankoro gold project in southern Mali. The Singapore-based firm is already backing the construction of a larger mine being built nearby by Toubani Resources Ltd.