Mali: Altus Strategies Announces Increase In Resources For The Diba Gold Project

Gold resources from the Diba project in Mali have increased, now totaling more than 400,000 ounces in the indicated and inferred categories. This is what Altus Strategies, the asset holder, said on Monday, adding that these figures will soon be improved thanks to new drilling.

In Mali, the mining company Altus Strategies released a new resource estimate for the Diba gold project on Monday. Made by the engineering company Mining Plus as part of the prefeasibility study for the project, this update indicates a 637% increase in resources classified as "inferred".

The latter went from 32,500 ounces of gold to 5.4 million tonnes of resources grading 1.06 g / t of gold, or 187,000 ounces. At the same time, resources classified in the "indicated" category are now 4.8 million tonnes grading 1.39 g / t gold, or 217,000 ounces.

"There is significant exploration potential for new discoveries at Diba, with seven priority prospects still to be systematically tested by drilli…

CoronaVirus: around 90% of manufacturing companies will close | Canada

This is undoubtedly unheard of in Quebec’s contemporary history: about 90% of manufacturing companies will have to close their doors until April 13, a situation that is most worrying Quebec Manufacturers and Exporters (MEQ). "We understand the decision, but we fall at the bottom of our chair," drops MEQ CEO Véronique Proulx, saying that she has had "no signal" announcing such a decision.
CoronaVirus: around 90% of manufacturing companies will close | Canada

In Quebec, the manufacturing sector has 2300 companies that employ 500,000 workers, and whose sales total C $ 165 billion per year. According to MEQ's estimate, about 90% of businesses could close. On Monday noon, Prime Minister François Legault ordered non-essential businesses to cease all activities by midnight Tuesday night until April 13 to limit the spread of coronavirus in Quebec.

As Ontario has made the same decision, this means that Canada's manufacturing core is on hiatus for the next three weeks. This means that tens of thousands, and possibly hundreds of thousands, of workers will find themselves on forced leave. There are, however, several exceptions to this measure, including grocery stores, pharmacies, food chain components, firefighters, police and of course the health service.

While the official list has just been published, several companies in the manufacturing and industrial sectors contacted by The Canadian Press had no clear answer to offer in the wake of the Legault government's announcement. In a press release, Cascades, which manufactures toilet paper and packaging, said it ensures "continuity" of its activities. "

Subsidies, not just loans, MEQ says.

Of course, businesses that can do so have permission to continue operating remotely, including using communications technologies or software to operate production lines remotely.

Véronique Proulx believes that this decision by the Legault government broadly spares four major sectors deemed essential, namely the food, energy, medical, as well as transport and logistics. According to her, essential companies also include suppliers to producing companies in these four major sectors. The closure of some 90% of Quebec's manufacturing companies worries Véronique Proulx.

"Our concern is that many manufacturing SMEs cannot get through this crisis," she said. According to her, although they suffer from this situation, large companies often have stronger backs to absorb such a shock. This is why MEQ is asking the Legault government to improve and diversify its aid to give business oxygen.

"Quebec currently offers loans, that's good. But they have to be reimbursed. However, there is a limit to corporate debt. So add subsidies and measures to provide liquidity quickly, ”says Véronique Proulx. Quebec could, for example, quickly decree a moratorium on the tax burdens of businesses such as those for the CSST. "This would quickly provide cash and cash to businesses," she said. Investissement Québec could also transform loans into grants, suggests the CEO of MEQ.