Mali: Altus Strategies Announces Increase In Resources For The Diba Gold Project

Gold resources from the Diba project in Mali have increased, now totaling more than 400,000 ounces in the indicated and inferred categories. This is what Altus Strategies, the asset holder, said on Monday, adding that these figures will soon be improved thanks to new drilling.

In Mali, the mining company Altus Strategies released a new resource estimate for the Diba gold project on Monday. Made by the engineering company Mining Plus as part of the prefeasibility study for the project, this update indicates a 637% increase in resources classified as "inferred".

The latter went from 32,500 ounces of gold to 5.4 million tonnes of resources grading 1.06 g / t of gold, or 187,000 ounces. At the same time, resources classified in the "indicated" category are now 4.8 million tonnes grading 1.39 g / t gold, or 217,000 ounces.

"There is significant exploration potential for new discoveries at Diba, with seven priority prospects still to be systematically tested by drilli…

Withholding tax continues to worry in France

Edouard Philippe said he was attentive to the ambient concern relating to the withholding tax. However, it should indeed take place in January. Except for companies with less than twenty employees. At the beginning of August, Bercy extended the mechanism of the Job Service Service Company, provided for social security contributions, to the withholding of income tax.

Withholding tax continues to worry in France

As the deadline approaches, concerns around the implementation of the withholding tax are crystallized. Companies with fewer than 20 employees can escape the administrative procedures linked to tax collection. The others continue to give voice to express their dissatisfaction because of this new administrative task which they will have to take on.

So much so that in an interview with the Journal du Dimanche on August 26, Edouard Philippe, the Prime Minister, said he was "attentive" to the surrounding anxiety. He said he wanted to "take stock of the preparation of this reform in the coming weeks".

Is this an opening for a possible postponement of the reform? No, replied GĂ©rald Darmanin, the minister of action and public accounts responsible for the file, in an interview on RMC on August 27. The meetings will indeed continue in the coming weeks, but he maintains the date of January 1, 2019 for the launch of the source deduction.

However, the government has already backtracked on some points. Especially for the smallest companies, which will not have to collect tax if they choose. During the summer, the government indeed extended the device of the Title Emploi Service Service Entreprise (Tese) to the withholding tax.

The Tese is a mechanism managed by Urssaf allowing companies with less than twenty employees who wish to do so to avoid the administrative constraints linked to social security contributions. From the declarations made online by the employer on the remuneration of employees, the Tese teams are responsible for producing the pay slips, the nominative social declaration (DSN) and the details of the social contributions. The employer returns a single check for all social security contributions. From next January, the Tese will also calculate the withholding tax for companies joining the scheme.

Announced at the beginning of August, this relaxation remains confined to a marginal part of collectors. According to the government, around 1 million small businesses may be affected. However, not all of them spontaneously call on the services of Urssaf. Currently, according to Medef, only 58,000 small businesses have decided to subscribe to the job service business title.