Mali says gold will increase budget by $340m
Gold mining will
contribute a record high of 166 billion CFA francs to Mali’s budget
this year, the West African country’s president said on Wednesday, up
from 130 billion francs in 2009.
Mali, the
continent’s third biggest gold producer after South Africa and Ghana,
is trying to develop its mining industry to take advantage of high
metals prices on world markets. Mali’s annual government income is
estimated around $1.5 billion.
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