(Reuters) - Mali's new government will carry out a "complete inventory" of existing mining contracts and stands ready to renegotiate any which are not in the West African country's interests, the new mining minister told Reuters on Tuesday.
Cisse said his ministry aimed to increase the contribution of the mining sector in the national economy from around 8 percent at present to 15 to 20 percent in the long term.
PIR dipped a little today on this news. I don't think the goverment will rock the boat too much though since gold is a significant chunk of their economy.
I'm inclined to wait a bit to see how this pans out (pardon the pun).
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