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
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
PAD signs 30-year PPP to rehabilitate Boscam terminal Project includes new platform and potential 700-meter quay Plan aims to restore regional traffic...
Globeleq launches 250 MW solar plant with battery storage near Lusaka Project aims to stabilize grid and meet peak electricity demand Move supports...
Funding targets SMEs, farmers, and agricultural value chains Program aims to improve access to finance and attract private capital Initiative to...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...