Post #17

🇲🇱 Mali Regains the Gold Remember the topic of the struggle of Mali and Barrick? 🌏 On September 22, the Malian authorities updated seven agreements with companies in the mining sector to align them with the new Mining Code of 2023. 🤝 The agreements concern in particular the mining assets Sadiola (Allied Gold), Fekola (B2Gold) and Syama (Resolute Mining), Bougouni (Ganfeng). 📈 The new conditions for the activity of miners imply an increase in royalties from 6.5% to 10% and an increase in the minimum state share in projects to 35% (previously — 20%). — We've already talked about the long-running conflict between the government and Barrick. Today's news is good for Mali – even if they can't reach an agreement with Barrick, renegotiating with other companies will ensure the stability of the gold mining industry and make sure more money goes to the government and the people. Devils Below