Resolute Mining says it will pay Mali $160 million in tax dispute
The company’s shares in Sydney were suspended on Thursday, after tumbling 40% since news of the detention of CEO Terry Holohan.
Following in the footsteps of an ambitious, $80 billion plan to invest in Quebec’s north announced earlier this week, the provincial government is looking at changing its Mining Act, the Montreal Gazette writes:
Bill 14, amending Quebec’s Mining Act “in keeping with the principles of sustainable development” was presented Thursday in the Quebec National Assembly.
The bill is one of the key measures in the Charest government’s 25-year, $80-billion Plan Nord to unlock the mineral, forestry and hydroelectric resources of northern Quebec, while setting aside 50 per cent of the territory as a nature reserve, developing tourism and improving the lives of native and non-native northerners.
