Exclusive: New Mali mining law could boost state, local interest in projects to 35%
MALI'S military-led government is in talks with gold miners over proposed changes to its mining law that could see it boost state and private Malian interests in new projects to 35%, from up to 20% today, according to a draft of the new code seen by Reuters. The government announced the review of the mining code in January after it said an internal audit had shown that Mali, one of Africa's biggest gold producers, was not receiving a fair share of profits while granting too many tax breaks. The draft, dated June 17 and verified by three sources close to…