- New law allows Mali to take up to 30% ownership in new mining projects and ends tax exemptions on fuel and equipment
- Allied Gold extends Sadiola mine rights, while Robex Resources considers divesting from Mali
Mali’s new mining code, signed into law by military ruler Assimi Goita on August 28, grants the state a 10% stake in new mining projects with an option to increase this to 30% within the first two years of commercial operations. The code also allows Malian private investors to take up to 5% equity and removes tax exemptions on fuel and equipment, previously costing the government around 60 billion CFA francs ($101mn) annually.
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