A state-owned gold mining company has been established in Mali
The Government of Mali has approved the creation of a State-owned Mining Company (SOPAMIM), which will become the sole holder of all state shares in the country's gold mining projects.
Previously, there were a number of gold mining companies in the country, shares in which belonged to various government ministries and foundations.
The creation of a single regulator makes it possible to improve the negotiating position in front of foreign investors, without diverging in positions with regional officials and without fear of local corruption arrangements.
RYBAR
