Could we be held back due to uncertainties in the Mali mining code? Some reading below.
Mali Entry Into Force of the New Mining Code | Inside Africa | Global law firm | Norton Rose Fulbright
The impact of Mali’s revised legislation on foreign mining companies - Lexology
Pretty significant changes proposed and certainly negatively impacts project economics (increase in state ownership, increase/changes to tax and the removal of exemptions etc.)
Same situation over at Toubani Resources, they have a gold project in Mali and imo their valuation is below peers.
B2Gold's earnings call provided some insights on their thoughts of the new code, which is subject to implementation via a decree which has yet to be issued. Earnings call: B2Gold outlines robust 2024 plans amid record production By Investing.com
Until the new mining code requirements are finalised and implemented, I doubt we'll see any interest in Mali exploration projects.
Can anyone share their views on the new mining code?
Could we be held back due to uncertainties in the Mali mining...
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