- Randgold Resources (GOLD -1.6%) says Mali's government has granted a 50% corporate tax reduction for the next four years at its Gounkoto mine.
- The company says the tax concession will see Gounkoto's mine life extended by more than five years and support development of a “super pit” which will be one of the largest opencast gold mines in Africa.
- Randgold's Gounkoto and Loulo mines are located in Mali’s gold-rich south, far from the unrest caused by Islamist insurgents in the north, and produced a combined 20-plus metric tons of gold last year.