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Last Trade - 18/09/20

Sector
Basic Materials
Size
Large Cap
Market Cap £5.50bn
Enterprise Value £5.44bn
Revenue £1.12bn
Position in Universe 929th / 6396

Mali's new mining code sets "stability period" at 20 years

Fri 17th January, 2020 1:22pm
BAMAKO, Jan 17 (Reuters) - Under a new mining code,
companies operating in Mali will be protected from fiscal
changes for 20 years, down from the previous "stability period"
of 30 years, the mines minister said late on Thursday.
    Mali had previously proposed a 10-year stability period. But
that came under criticism for being too short and likely to
discourage investors.  urn:newsml:reuters.com:*:nL5N25J4QB
    "We have to consider that the research phase can take at
least seven, eight or nine years," said Mines Minister Lelenta
Hawa Baba Bah. "So we've gone for... a 20 years stability
period."
    Companies operating in the country include Barrick Gold Corp
 ABX.TO , B2Gold  BTO.TO , Hummingbird Resources  HUMR.L  and
AngloGold Ashanti  ANGJ.J .

 (Reporting by Tiemoko Diallo; Writing by Juliette Jabkhiro;
Editing by Alex Richardson)
 ((Juliette.Jabkhiro@thomsonreuters.com;))
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