AKO General Discussion, page-116

Hi guys, hope everyone is having a great weekend. The following is all using machine translation so please take it with a grain of salt. I'll endeavor to get my French mate on board soon I swear.

Next week (16-22 AUG 22), the BCMM is undergoing a "RESOLUTION REGARDING THE UPDATE OF THE REGULATION REGULATING THE LAND RESOURCES". Which as far as I can gather is a stakeholder input, sorta royal commission esque approach to the new regulations. I imagine management is well aware of this and has provided their two cents.

With the Objectives being:

• Promotion of large mines.
• Professionalisation of mining craftsmen.
• Establishment of the Gold Centre.
• Establishment of a mining laboratory to international standards.
• Increase in the contribution of mining to national GDP.
• Recasting of the Mining Code.

The outline of the meetings, all machine translated: DOCUMENT-DE-CONSULTATION-DES-PARTIES-PRENANTES-CM-AOUT-2022 en.pdf
More info: https://mmrs.gov.mg/travaux-de-refonte-du-code-minier-2022/

Big one for me obviously is the recasting of the Mining Code which could easily be years off still. Additionally in the translated document it speaks to taxation, land owner laws and permitting. Lots about permitting actually. Give it a read. I look forward to what comes out of this, I hope that it is made publically available.

Most exciting: Increasing the contribution of mining to GDP. This screams of new approved mining projects, and greater assistance to exporters. Very exciting from Akora's perspective.