Mali’s new mining law prioritizing state interests has been signed into law by President Assimi Goita.
According to a post on the X social media platform of the Mali Presidency, the new law, which will increase the state share in the mining sector, was signed into law by President Goita.
Under the new law, operators of mineral deposits will transfer 10 percent of their shares to the state free of charge, and the state can buy another 20 percent if it wishes.
Local investors will be guaranteed up to 5 percent of each project. Thus, the state’s share of each mining project can reach up to 35 percent.
Mineral exploration permits will be granted for a maximum of 9 years, while large-scale mining permits will be granted for a maximum of 12 years, renewable when necessary.
With the new law, the fuel tax exemption previously granted during the operation of a mine will continue only during the exploration process. The fuel tax exemption will end after the mine exploration is completed.