Share
903 Posts.
lightbulb Created with Sketch. 267
clock Created with Sketch. 23/08/23
15:30
Share
Originally posted by Dr_Manhattan:
↑
Yes, govt nationalizes LLL (and its Chinese partners holdings) which currently doesn't produce a cent, finished off building the mine itself somehow along with the traditionally tricky commissioning and ramp up and in the process scares off the multi-billion dollar mining industry (based mainly on Gold) which is kept afloat by foreign investment and expertise. Such superlative logic. More likely, DSO issue and related new mining code changes in Mali. LLL isn't the only miner in talks with government. Likely not great news but not the end of the world. Mali adopts new mining code that boosts state interests August 8, 2023 The new code now allows the government to take a 10% stake in mining projects and the option to buy an additional 20% within the first two years of commercial production, mining commission chairman Assane Sidibe told reporters. '
Expand
I have a lot of faith in Gangfeng, At some point you hope the Chinese Gov/CCP steps in to assist. China is spending big in Mali and it wouldnt do well to piss off one of your biggest partners.
(20min delay)