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Mali's new gold mining law, raising taxes and state share, worries CEOs, threatening foreign investment.
Mali's new mining law, which increases taxes and gives the state a bigger share in gold mines, is worrying gold mining CEOs.
They argue the law makes investing in Mali uneconomic and could push companies to invest elsewhere.
Mali's government has not commented, but its new rules follow a state audit revealing a $950 million revenue shortfall.
The situation has raised concerns about fiscal and regulatory stability in the country, important for attracting foreign investment.
2 months ago
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