new royalties On March 23 I posted-
Once the fear subsides the new government will probably modestly jack up royalties and government participation and a relieved industry will happily comply.
They scared the life out of us with the prospect of losing the whole thing-makes a small tax increase a much easier sell. Good to see the US government joining the lynch mob. Foriegn aid is critical to Mali, and the Americans are the biggest donnors. In the end it will be business as usual-I hope.