Mali will partially lift a 2022 mining permit suspension on March 15, 2025, following the introduction of a new mining code that increases taxes and state shares in mining. While some permit processes will resume, restrictions on new exploration permits will persist. These changes are expected to enhance state revenue and attract investment in the mining sector.
Mali’s government has announced plans to partially lift a suspension on mining permit issuance that has been effective since late 2022. The announcement from the mines ministry indicates that this suspension, initially imposed in November 2022 to enhance the permit allocation process, is set to be partially lifted on March 15, 2025.
The decision aligns with significant reforms within Mali’s mining sector, particularly the introduction of a new mining code in 2023, which has increased taxes and granted the state a larger share of mining assets. This regulatory evolution is poised to transform the mining landscape in Mali, which is recognized as one of Africa’s premier gold-producing nations.
Following these changes, Mali’s mining authorities will resume processing applications to renew search and exploitation permits, transition from search to exploitation, and transfer exploitation permits. However, the issuance of new exploration permits and the transfer of existing search permits will continue to be suspended.
Data from IndexBox highlights Mali’s crucial role in the African mining sector, particularly regarding gold production. The anticipated adjustments are expected to renew investment interest while ensuring that Mali’s government better capitalizes on its natural resources.
In summary, Mali’s planned partial lift of the mining permit suspension marks a significant reform within the nation’s mining sector. The introduction of a new mining code is expected to enhance state revenue from mining activities while attracting foreign investment. However, certain restrictions remain in place, particularly concerning exploration permits, which reflects the ongoing need for measured reform in the sector.
Original Source: www.indexbox.io
