loyola llothta
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Adoption of the mining code and local content legislation Colonel Malick Diaw, President of the National Transitional Council (CNT), announced that Mali's underground mineral wealth will no longer serve the interests of a few entities or individuals. During the first plenary session of an extraordinary session, CNT members unanimously examined and approved two bills concerning the mining sector: the Mining Code and local content. The objective is to improve living conditions through sustainable development, addressing the historical underperformance of mining's contribution to the economy. The new Mining Code introduces innovations like optimized royalty rates, strategic substances, and abolishing exemptions, aiming to integrate the mining sector into the economy. The Minister of Economy and Finance anticipates substantial economic impacts, with gold's contribution representing 10% of GDP and the potential for significant growth. The adoption of these laws signifies a stronger role for the mining sector in Mali's socio-economic development, ensuring the nation's mineral resources benefit the entire population.