Mali president signs new mining code in bid to raise govt stake


published by Reuters on 29 August 2023

BAMAKO, Aug 29 (Reuters) - Mali's interim President Assimi Goita has signed into law a new mining code which will allow the military-led government to increase its ownership of gold concessions and recoup what it says is a major shortfall in production revenues.

The new code, signed on state television late on Monday, will allow the state and local investors to take stakes as high as 35% in mining projects compared with 20% now, and could more than double the sector's contribution to gross domestic product to around 20%, the government has said.

https://www.reuters.com/world/africa/mali-president-signs-new-mining-code-bid-raise-govt-stake-2023-08-29/

Posted in News on Nov 27, 2024