Sunday, February 26, 2012

Mali Seeks bigger share in mines, lower taxes

Bright Mutambo, of Konkola Copper Mines PLC, works in Nchanga mine in Cingola, Zambia.BAMAKO (Reuters) - Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday. The revision, which must be passed by parliament, would also trim taxes on mining income to 25 percent from 35 percent, the official from the National Directorate of Geology and Mines (DNGM) said by telephone, asking not to be named. ...


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