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?
