Mali to Introduce New Mining Code in October

2 September 2010 (Last Updated September 2nd, 2010 18:30)

Mali is set to introduce a mining code in October to boost production and encourage investment in its minerals industry. Mines Minister Abou Bakar Traore said the mining code assures investor participation in Mali and considers the mining sector's contribution to the overall economy, repo

Mali is set to introduce a mining code in October to boost production and encourage investment in its minerals industry.

Mines Minister Abou Bakar Traore said the mining code assures investor participation in Mali and considers the mining sector's contribution to the overall economy, reports Bloomberg.

It was earlier reported that all active licenses will be renewed without changing their permits under the new mining law.

Mali is Africa's third-biggest gold producer.