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Resolute Mining Announces Regarding New Mining Convention and Extended Mining Permit for Syama

18 Apr 2019  |  08:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: New Mining Convention and extended Mining Permit for Syama

Resolute Mining advised the Company and the Republic of Mali Government have agreed a new Mining Convention for the Syama Gold Mine (Syama). Following execution of the new Mining Convention, the Mali Government has granted an extension of the Syama Mining Permit. The Mali Government has granted a further ten-year extension of the Syama Mining Permit to enforce the provisions of the new Mining Convention Agreement. The new Mining Convention Agreement guarantees a new income tax rate of 25%, a 10% reduction on the previous rate of 35%.

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