Public Management

Mali suspends the issuance of mining permit, till further notice

Mali suspends the issuance of mining permit, till further notice
Wednesday, 30 November 2022 13:47

The mining sector contributes nearly 10% of Mali’s GDP and accounts for almost 80% of its exports. Due to its importance to the economy, transition authorities have launched an audit of its gold mines, where its main mineral resources are exploited.

Mali has temporarily suspended the issuance of mining licenses, the Ministry of Mines informs in a release issued last November 28.

According to Mines Minister Lamine Traoré, the measure is taken because of the need to improve the license issuance process and “better serve mining actors.”

The said suspension, which will remain in place until authorities decide otherwise, comes in a particular context that portends great changes in the country’s mining sector. Indeed, earlier this year, authorities launched an audit of the gold mines exploited in the country. Also, earlier this month, the Transition President signed a decree creating a national mining corporation. The moves are all aimed at boosting the revenues the country generates from the sector.  

As a reminder, gold accounts for more than 98% of mineral production in Mali, according to EITI 2019 data. The same source reveals that the mining sector contributes 10% to its GDP and accounts for 80% of its exports.

Emiliano Tossou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The Bank of Ghana plans to sell up to $1 billion on the FX market in January 2026. The central bank aims to limit exchange-rate volatility...
Renaprov Finance plans a BVMAC IPO to raise CFA8.4 billion by offering 44.44% of its capital to the public. The listing would make Renaprov the second...
Egypt’s central bank and Afreximbank signed an MoU to create a pan-African gold bank. The partners will conduct a feasibility study covering technical,...
Burkina Faso plans to launch a certified electronic invoicing system in January 2026. Authorities aim to raise tax revenue, curb VAT fraud, and reduce...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
04

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
05

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.