Mali’s mines minister, Abou Bakar Traore, has revealed that the country will introduce a new mining code in October to encourage more investment in the minerals industry, according to a report by Bloomberg.

Bloomberg quoted Traore saying that there are many positive aspects to the new mining code and that it assures investor participation in Mali.

Mali is Africa’s third-largest gold producer. The country’s mining industry has recently attracted renewed interest and investment from foreign firms.