As highlighted in our client alert of March 7, 2014, the Ivorian Parliament approved a new mining code (the “New Mining Code”) on March 5 which aimed at modernizing the mining sector and increasing its transparency.
However, in the absence of any implementing legislation, operators have been unable to assess exactly the extent of the changes brought by the New Mining Code as its main provisions appeared broad enough to leave a certain degree of flexibility to the government.
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