Company Profile: Faboula Gold S.A.
Background
Overview
Faboula Gold S.A., formerly known as Wassoul'Or S.A., is a Malian gold mining company headquartered in Bamako, Mali. The company operates the Kodiéran gold mine, located approximately 300 kilometers south of Bamako, near the village of Faboula. The mine covers a permit area of 100 km², with current operations focused on an open-pit area of 1.27 km². Established in 2012, Faboula Gold S.A. has undergone significant ownership changes, including a majority acquisition by Noor Capital, which led to its rebranding.
Mission and Vision
Faboula Gold S.A. is committed to the sustainable and efficient extraction of gold resources, aiming to contribute to Mali's economic development while adhering to environmental and social responsibilities.
Primary Area of Focus
The company's primary focus is the exploration, extraction, and processing of gold at the Kodiéran mine, with an emphasis on modernizing operations and increasing production capacity.
Industry Significance
As a significant player in Mali's gold mining sector, Faboula Gold S.A. contributes to the country's position as one of Africa's top gold producers. The company's activities impact local economies and employment, particularly in the regions surrounding the Kodiéran mine.
Key Strategic Focus
Core Objectives
- Modernization of Operations: Implementing advanced mining technologies to enhance efficiency and productivity.
- Sustainable Practices: Ensuring environmentally responsible mining operations.
- Economic Contribution: Boosting Mali's gold production and export revenues.
Specific Areas of Specialization
- Gold Extraction: Utilizing both open-pit and potential underground mining methods.
- Processing Facilities: Developing and operating processing plants to refine extracted gold.
Key Technologies Utilized
- Gravitational Processing: Employing gravity-based methods for gold extraction.
- Modern Mining Equipment: Integrating advanced machinery to improve operational efficiency.
Primary Markets or Conditions Targeted
- Local Employment: Providing job opportunities in the mining sector.
- National Economy: Contributing to Mali's gold export sector.
Financials and Funding
Funding History
- Ownership Structure: Noor Capital holds a majority stake in Faboula Gold S.A., with Pearl Gold AG owning a 25% share.
Recent Funding Rounds
- Investment and Recapitalization: In July 2025, Faboula Gold S.A. and the State of Mali reached a settlement agreement, including a ten-year extension of the mining license and a payment of two billion CFA francs to the state.
Notable Investors
- Noor Capital: Majority shareholder and investor.
- Pearl Gold AG: Holds a 25% stake in the company.
Intended Utilization of Capital
- Operational Modernization: Upgrading mining and processing facilities.
- Regulatory Compliance: Meeting the requirements of Mali's new mining code.
Pipeline Development
Key Pipeline Candidates
- Kodiéran Gold Mine Expansion: Plans to increase production capacity and extend the mine's operational lifespan.
Stages of Development
- Exploration: Ongoing assessment of additional gold reserves.
- Development: Upgrading infrastructure and facilities to support increased production.
Target Conditions
- Gold Deposits: Identifying and extracting additional gold reserves within the permit area.
Relevant Timelines
- Construction Initiation: Expected to begin six months after the July 2025 agreement.
- Production Start: Anticipated 18 months following the commencement of construction.
Technological Platform and Innovation
Proprietary Technologies
- Gravitational Processing Techniques: Utilizing gravity-based methods for efficient gold extraction.
Significant Scientific Methods
- Geological Surveys: Conducting detailed assessments to identify gold-bearing areas.
- Environmental Impact Assessments: Evaluating and mitigating environmental effects of mining activities.
Leadership Team
Key Executives
- CEO: [Name not specified in available sources]
- CFO: [Name not specified in available sources]
- COO: [Name not specified in available sources]
Professional Backgrounds
- CEO: [Background details not specified in available sources]
- CFO: [Background details not specified in available sources]
- COO: [Background details not specified in available sources]
Key Contributions
- CEO: Leading the company's strategic direction and operational management.
- CFO: Overseeing financial planning and compliance.
- COO: Managing day-to-day mining operations and logistics.
Leadership Changes
Recent Appointments
- New Shareholder: In November 2024, Oryx Mining acquired a 10% stake in Faboula Gold S.A., leading to changes in the company's ownership structure.
Competitor Profile
Market Insights and Dynamics
- Market Size: Mali is one of Africa's top gold producers, with significant contributions to the global gold supply.
- Growth Potential: Opportunities exist for increased production through modernization and exploration.
- Industry Trends: Adoption of new mining codes and technologies to enhance efficiency and sustainability.
Competitor Analysis
- Somika SA: 80% owned by Endeavour Mining and 20% by the Malian state, operating the Kalana project.
- Bagama Mining: Another gold producer operating in Mali.
Strategic Collaborations and Partnerships
- Malian Government: Collaborating to comply with the new mining code and enhance operational capabilities.
- Oryx Mining: New investor contributing to the company's recapitalization efforts.
Operational Insights
- Regulatory Compliance: Adapting to Mali's new mining code to ensure continued operations.
- Competitive Advantages: Established mining operations with potential for expansion and modernization.
Strategic Opportunities and Future Directions
- Expansion Plans: Increasing production capacity at the Kodiéran mine.
- Technological Upgrades: Implementing advanced mining and processing technologies.
- Market Positioning: Strengthening presence in Mali's gold mining sector through strategic partnerships and investments.
Contact Information
- Official Website: [Website not specified in available sources]
- Social Media Profiles: [Profiles not specified in available sources]
