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.