Post #66

🇲🇱🇺🇸 Moral Outrage at 9, Due Diligence at 10 A US mining company Flagship Gold Corp has signed an agreement with Malian government marking the first American investment in Mali's gold mining under the revised 2023 Mining code (which grants the state up to 30 percent ownership in new projects and eliminates some tax exemptions). Principles are one thing, $4,000 an ounce is another. Confucius, 5th century BCE 🤝 Despite accusations of “resource nationalism,” Bamako has already successfully renegotiated the terms of operating with a series of companies: Allied Gold, B2Gold, Resolute Mining, Ganfeng (among others). The only big outlier here remains Barrick. The object of the latest agreement is Morila gold mine, a world-class open-pit in the country's South-East that was forfeited in June, 2025after Australian Firefinch abandoned it in 2022. It is believed the mine contains approximately 2.5 million oz in remaining reserves. Devils Below