Post #74

🇲🇱Is Mali So Scary? 🌏 On October 10 another investor got lured by the gold-promising soil of Southern Mali. Australian Toubani Resources with the funds borrowed from Singaporean Eagle Eye Asset Holdingsdecided to invest some $258 million in Mali's Kobada gold mine. 💵 In what is projected to become one of Africa's major gold mines, Malian government will get a 10% share free of charge thanks to the new Mining Code of 2023. The output of Kobada is expected to reach 162,000 oz/year, which is close to Allied Gold's Sadiola complex. ❗️ Mali is often criticized for what is called "resource nationalism" and alledged "pivoting from Western investors to courting Russian interests". However, while more and more investors enter Malian gold sectore, there is still not a single Russian large-scale miner in the country as well as no other major deprived investor except for Barrick. Devils Below