Decision follow relentless protests in a town near the mine, where locals accuse the company of polluting their source water and the air, causing humans and animals respiratory illnesses, miscarriages, birth defects and disabilities.
Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.
Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.
The Canadian miner is the latest company to be hit by changing policies in Africa as governments seem increasingly willing to upend historic deals with foreign companies in their quest for more mining revenue.