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Precious metals: the Malian authorities are drawing up and adopting a new mining code

31/08/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The Malian authorities drafted and had a new mining code adopted by Parliament in early August, with the aim of increasing revenues generated by the yellow metal and deemed insufficient by a recent audit.

Mali is the second largest gold producer in West Africa. Indeed, on Monday, August 28, the President of the Transition promulgated the new mining code adopted by deputies at the beginning of the month, a law that is supposed to generate additional public revenue of 500 billion CFA francs ($803 million), in particular by increasing the share of the State and local investors in mines to 35%, compared to a maximum of 20% currently. transparence et d The Minister of Mines, Amadou Keita, indicated that, among the other changes introduced by the new code, mining titles will now be signed by several ministers, in a concern to ' inclusivit é

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