Mali has halted artisanal gold mining permits for foreigners due to fatal accidents, aiming to boost state control and protect citizens. The decision arises amid tensions regarding compliance with a new mining code. Gold exports are crucial for Mali, comprising more than 80% of total exports and supporting over 2 million people.
Mali has announced the suspension of artisanal gold mining permits specifically for foreign companies, following a series of fatal accidents at mining sites. This decision is geared towards reinforcing state control over the gold mining sector. In addition, the government intends to secure citizens’ safety by nationalizing and seizing mining equipment currently in use. The action comes after rising tensions between military authorities and mining firms concerning adherence to the new mining regulations.
As a leading gold producer in Africa, Mali’s economy is heavily dependent on gold exports, which comprise over 80% of the nation’s total export revenue. The artisanal mining sector contributes around 30 tons of gold annually and plays a vital role in supporting over 2 million individuals in the region. Therefore, this move to suspend permits is a significant action to address safety concerns while asserting state authority in the mining industry.
In conclusion, Mali’s suspension of artisanal gold mining permits for foreign entities reflects the government’s commitment to improving safety conditions in the mining industry while enhancing national control. Given the country’s dependence on gold exports, this measure also seeks to balance the safeguarding of citizens and the continued economic vitality of the artisanal mining sector.
Original Source: www.voiceofalexandria.com
