Mali has suspended all artisanal gold mining permits for foreign companies, citing a series of deadly accidents.
President Assimi Goita’s transitional government announced the decision following a Council of Ministers meeting, aiming to address safety concerns at mining sites.
Recent fatal accidents in Koulikoro and Kayes regions prompted the suspension.
Artisanal gold mining, contributing roughly 30 tons of gold annually, represents 6% of Mali’s total gold production.
The government will now seize mining equipment, previously recoverable after fines, and incorporate it into national assets.
Security Minister Daoud Ali Mohammedine emphasized the move strengthens state authority and protects citizens.
Concerns exist that unregulated mining profits may fund extremist groups in northern Mali.
Gold constitutes over 80% of Mali’s exports, with more than two million people relying on the mining sector for income.
Mali is a leading African gold producer, hosting major companies like Barrick Gold and B2Gold.
Tensions have escalated between mining companies and the military authorities over new mining regulations and financial demands.
Mali suspends foreign gold mining permits after fatal accidents.Several Barrick Gold employees remain detained in Bamako.