GF aren't miners. They're a chemical conversion company.
They want us to set up the mine, and the plant and run it for them.
Maybe after nameplate is achieved on stage 2 and a skilled local workforce is in place they might consider buying us out, IDK.
If you look at the new mining code in Ghana and Mali, West African countries are going for a bigger slice of the mining pie. And are getting it. While we have the protections in the grandfathered old mining code, I would bet there will be some compromise in the interest of good in-country relations.
I would hope we stick to our guns on the free carried amount Mali gets and even the taxes due. I think we should also insist on not adhering to the non-exclusivity provisions of the new code - which I think represent a direct threat to our investment. But for things like paying 1% into enviro bond and 1% into a community bond every year, I am sure there will be room for compromise and agreement. No doubt this is all under discussion and negotiation at the moment.
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