Mali to Partially Ease Restrictions on Mining Permits After Two-Year Ban

Confidence UbaniMarch 11, 20251 Mins read829

Syama Gold Mine [Image credit: Resolute Mining]

Mali has decided to partially ease restrictions on mining permits, allowing specific applications to be processed from 15th March 2025. The government initially imposed the ban on 28th November 2022 to reform the sector and improve regulatory oversight.

Under the new policy, authorities will resume processing renewals of exploration and exploitation permits, applications transitioning from exploration to production, and transfers of operating permits. However, new mining titles and transfers of exploration permits remain suspended. The decision aligns with the 2023 Mining Code, which increased taxes and expanded state ownership in mining projects.

Mali’s new mining regulations give the government more control over the sector. The 2023 Mining Code raised royalties on gold production, introduced higher corporate taxes, and mandated that the state receive at least a 10 per cent free stake in all mining projects, with the option to purchase an additional 20 per cent. The policy also prioritises local businesses and workers. Mining companies must use more local suppliers and employ more Malian citizens.

According to Mining Review Africa, mining companies have welcomed the easing of restrictions and referred to it as a positive step towards stability.

The CEO of Cora Gold Limited, Bert Monro, described the decision as a “catalyst” for Mali’s mining sector. At the same time, Roscan Gold’s CEO, Nana Sangmuah, said it provides much-needed clarity and reduces risks for investors. He added that it reinforces confidence in Mali’s mining industry and future opportunities.

Meanwhile, the government has suspended new artisanal mining permits for foreign nationals following a series of fatal accidents. A mine collapse on 15th February killed 43 people, while a flooded tunnel on 29th January claimed 13 lives. In response, several administrative and security officials have been dismissed.

The Malian government hope to gain more control of its mining sector and reduce dependence, especially on foreign companies.

2 NPFL Players Make List as Chelle Announces Final Super Eagles Squad; Iheanacho Left Out