London-Listed Miner Says Mali Lithium Project Not Hit by New Law

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London-Listed Miner Says Mali Lithium Project Not Hit by New Law
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(Bloomberg) -- London-listed Kodal Minerals Plc said its lithium project in Mali won’t be impacted by new legislation that entitles the state to a greater share of the West African nation’s mining assets.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanOpen House: Seize

Saudi Arabia's energy minister, Abdulaziz bin Salman, asserts that recent oil production cuts are based on global demand concerns, not a tactic to raise prices.Contrarian investors were rewarded for betting on the beaten down U.S. energy sector earlier this year with a blazing rally. The largest U.S. energy exchange traded fund, the Energy Select Sector SPDR Fund , is up nearly 15% over the last three months and stands near its highest level in nine years.

Publicly available petroleum pricing information suggests a new "cost of carbon" charge on gasoline and diesel authorized by the New Brunswick government raised prices to consumers by more than $7 million in August. It also shows that at least some charges that have been collected from gasoline customers to pay for increased refinery costs were not used for that.

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