Post by
MaterialsMan on Aug 29, 2023 9:04am
Done deal?
The president of Mali has signed the new mining laws into effect.
Many details are supposedly unclear. e.g.inclusion of existing operations.
The intent is to raise the contribution to GDP from 10% to 20%.
As part of the announcement, the government is claiming that they have been cheated out of about 350 billion dollars by the gold mining companies.
They intend to recover it.
Comment by
BlindMouser on Aug 29, 2023 10:21am
I guess they have nothing to lose and everything to gain by instituting sweeping changes then.. Or inviting a new partner into bed. Buh Bye BTO, Buh Bye Parrotman's dreams of retirement.
Comment by
MaterialsMan on Aug 29, 2023 10:10am
My bad! Can't believe I said dollars. The 350 billion referred to CFA franks (the Mali Currency). That translates to about 700 million. Even that would be a big hit, depending on B2's share.
Comment by
tootall123 on Aug 29, 2023 10:46am
(I guess they have nothing to lose and everything to gain by instituting sweeping changes then.. Or inviting a new partner into bed. Buh Bye BTO, Buh Bye Parrotman's dreams of retirement.) Only a dumb naive loser and liar MinyMouse would post this. He/Thing MinyMouse thinks that BTO only mine gold operations are in Mali.... GOLD IS KING...