Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Lav what’s your thoughts on Hainan just going for buyout once the DMS change notification gets approved and Malian gov Deal approval. I’m just finding it hard to get my head round with such a Monster Co why they would be still staying in bed with us? Why not just have it all
That RNS should have been put out 7 weeks ago!
Why did this take so long when application was not even submitted?
New joint broker? So does that mean we will get an updated website now for new investors because at moment website is a mess. Must be a lot of people underwater now with share price. Nice one Bernard
Tantalising you need to seriously choose words correctly in future. Steve should maybe think about what he says next time because his time line is completely wrong. Not impressed one bit
Lav that’s what I’m thinking maybe buyout or joint venture and that’s the reason for delay on news
BAMAKO, Nov 18 (Reuters) - Mali’s transitional government late on Thursday signed into law a new state-owned mining company, part of the government’s bid to increase revenues from the mining industry, a key engine of the West African country’s economy.
The company, Société de Recherche et d’Exploitation Minière du Mali (Sorem SA), will be fully funded by the state and will aim to explore and develop mines, officials said.
The officials did not detail how much funding the state was giving Sorem, nor which mine projects the company was likely to focus on.
“The Malian state is going to enter the mining sector, there is space for everyone,” mines ministry secretary-general Soussourou Dembelé told Reuters by telephone.
Multinational mining companies including Barrick Gold , B2GOLD, Resolute Mining, Endeavour Mining, and Hummingbird Resources have subsidiaries mining gold in Mali, one of Africa’s biggest gold producers.
By law, the Malian state holds stakes of between 10% and 20% in those subsidiaries.
“For the mines that will be developed by Sorem, the state will get 100% of the benefits,” Souleymane Gueye, president of the legal commission of Mali’s transitional government, said on state radio on Friday. (Reporting by Tiemoko Diallo in Bamako Writing by Helen Reid in Johannesburg Editing by Mark Potter)
We start to get more articles like Hope posted yesterday and this will be on everyone’s radar
Shame website still lacking otherwise more new investors would understand what we are sitting on and at what stage we are! GLA