Mali’s transitional government has officially created a new state-owned mining company as part of the West African country’s efforts to increase revenues from the sector., was created by a decree in August, but obtained its legal status this week, with the order signed into law Thursday evening.The new mining firm will be fully funded by the state and has the mandate of exploring for minerals and developing mines, creating hundreds of local jobs in the process, officials said.
The academic believes that the new company would boost training of specialized local workforce and the acquisition of technologies in the field of the exploitation of mineral resources.
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