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Endeavour, Two Other Gold Producers Agree to Mali’s New Mining Code

MALI, JUL 29 – Mali's revised mining code has reduced gold output by 23% and increased state stakes, prompting disputes and arbitration with major mining companies, officials said.

Summary by The Globe & Mail
Code raises taxes and seeks to hand over big stakes in mining assets to the state

9 Articles

Endeavour Mining, listed on the London Stock Exchange, as well as producers Faboula Gold and Bagama Mining, have signed a Memorandum of Understanding with the Malian government to adopt the provisions of the new mining code, promulgated in August 2023. This decision marks a turning point in the relations between the state and the gold companies, after a year...

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Managers broke the news in on Tuesday, July 29, 2025.
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