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Mali tightens grip on gold, investors push back

Gold Photo by Zlaťáky.cz @ Unsplash
Photo by Zlaťáky.cz @ Unsplash
  • Mali formalises new mining code to boost state revenue and control over gold sector
  • Gold output drops by 23% as major firms like Barrick Mining suspend operations

 

BAMAKO, MALI – Mali has formalised a sweeping new mining code aimed at reshaping the country’s relationship with foreign investors and increasing government control over the gold sector, officials announced late Tuesday.

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