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Mali has established SOPAMIM, a state-owned company designed to directly manage its mining interests, aiming to boost state revenues from the sector. SOPAMIM will enable the government to hold direct shares in mining companies rather than just collecting fees. This initiative builds on Mali’s revised mining code, increasing state ownership in projects to at least 35% and boosting gold mining revenues by over 52%. The country is also developing a gold refinery in partnership with Russia to retain more value domestically.
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▶ Coinbase Website: Coinbase.com
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