Mali, Africa’s third largest gold producer behind South Africa and Ghana, has been mulling a review of its 2012 Mining Code for some time now, but progress has been slow.
While the changes have not yet been finalised or announced, the country has been considering the scrapping of a 30-year exemption that protects companies with projects in the country from changes to the fiscal framework, along with other changes.
Compiled by CHANTELLE KOTZE.
Having led the National Directorate of Geology and Mines in Mali, Lelenta Hawa Baba Bah was named the new Minister of Mines in September 2018 following a change in government under president Ibrahim Boubacar Keïta.
As minister, she will oversee the government’s bid to revise the mining code.
This article first appeared in Mining Review Africa Issue 5, 2019
Holders of a Mining Permit in Mali are required to enter into an agreement referred to as a “Convention d’Établissement” or “Mining Convention Agreement” with the Malian government prior to the commencement of exploration or mining activities.
This agreement operates in parallel with the Mining Permit and, with the applicable Mining Code and other relevant legislation, governs the conditions that apply to exploration and mining operations.
These conditions cover work obligations, reporting, taxes, duties, customs, local content, training obligations, and Mali government equity participation.