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BAMAKO - Kodal Minerals PLC (AIM:KOD) has received an export permit for spodumene concentrate from its Bougouni Lithium Project in southern Mali, the company announced Thursday in a press release.
The permit, authorized by the Ministry of Mines and signed by Minister Amadou Keita, allows for the export of an initial 125,000 tonnes of spodumene concentrate, subject to final administrative procedures.
The Bougouni project is operated by Les Mines de Lithium de Bougouni SA (LMLB), a subsidiary of Kodal Mining UK Limited, in which Kodal holds a 49 percent stake.
According to the export permit terms, pricing will be based on the Shanghai Metal Market reference price for spodumene, with the administration retaining verification rights. The transportation contract must be granted directly to Malian transport companies in compliance with local content laws established in August 2023.
Kodal confirmed it has already signed a transport contract with a leading Malian transport company to export material from the site to a port in Côte d’Ivoire. The company also stated that all required taxes, duties and levies will be paid when due.
"The granting of the export license is a critical step for the development of the Bougouni project as well as Mali’s burgeoning spodumene industry," said Bernard Aylward, CEO of Kodal Minerals, in the press release.
The company indicated that final administrative processes will be completed soon, with the mobilization of the trucking fleet to begin as soon as possible.
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