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Endeavour and two gold producers embrace Mali's new mining code

Africanews · Recent
Africanews
Africanews
Recent

London-listed Endeavour Mining (EDV.L) has announced, along with two other gold producers, their agreement to transition to Mali’s new mining code, according to government officials.

Breakdown
  • Endeavour Mining and two other gold producers have agreed to transition to Mali's new mining code.
  • The new code increases taxes and state ownership, leading to industry conflicts since its implementation. 13s
  • Mali's gold production declined by 23 percent last year, totaling 51 metric tonnes. 24s
  • A memorandum of understanding was signed with Somika SA, Fabula Gold, and Bagama Mining, but details were not disclosed. 42s
  • Regulatory uncertainties in Mali have regularly impacted investment and gold production. 1m 2s
Mining & Resources