Three major gold producers sign Mali’s new mining code.

Three gold producers, including London-listed Endeavour Mining (EDV.L), have agreed to adopt Mali’s controversial new mining code, Malian government officials announced, marking a shift in the months-long standoff that has rattled the country’s mining sector.

Mali’s Finance Minister Alousseni Sanou and Minister of Mines disclosed the agreement in a televised address late Monday, stating that Somika SA, 80% owned by Endeavour and 20% by the Malian state, along with Faboula Gold and Bagama Mining, have signed a memorandum of understanding to operate under the revised code. The terms of the agreements were not made public.