Toubani Resources has signed a framework agreement about the Kobada project with Mali’s military junta, prompting global concerns from miners regarding the junta’s trustworthiness as a business partner amid recent detentions and new mining regulations.
Toubani Resources has officially established a framework agreement with Mali’s military government concerning the Kobada gold project. This development has raised concerns among gold miners and explorers globally regarding the reliability of Mali’s ruling junta as a business partner. Recent events, including the detention of mining executives and the implementation of revised mining regulations, contribute to this unease in the industry.
In summary, Toubani Resources has secured a framework agreement in Mali, yet the ongoing political instability and changes in governance have led to uncertainty among international investors. The situation calls into question the trust placed in Mali’s military rulers, particularly in the mining sector.
Original Source: www.miningnews.net
