Mali Announces Partial Lift of 2022 Mining Permit Suspension

Mali will partially lift its mining permit suspension, effective March 15, 2025, following significant regulatory reforms. The new mining code, introduced in 2023, aims to increase state revenue from mining activities. While applications for specific permits will be processed, restrictions on new exploration permits will remain in place, maintaining a controlled approach to the mining sector.

Mali has announced its intention to partially lift the suspension on mining permit issuance that has been enacted since late 2022. This decision, declared by the country’s mines ministry, is scheduled to take effect on March 15, 2025. The initial suspension was imposed in November 2022 to enhance the permit allocation process, aligning it with forthcoming regulatory reforms.

The decision to lift the suspension comes as Mali’s mining sector undergoes significant reforms, highlighted by the introduction of a new mining code in 2023. This reform increases taxes and allocates a larger share of mining assets to the state, significantly impacting the country’s mining landscape, particularly given Mali’s status as one of Africa’s leading gold producers.

Following these developments, Mali’s mining administration will commence processing applications for the renewal of search and exploitation permits. It will also facilitate transitions from search to exploitation and the transfer of exploitation permits. However, the suspension on the issuance of new exploration permits will remain in place, alongside restrictions on the transfer of search permits.

In summary, Mali’s decision to partially lift the suspension on mining permits signifies a pivotal shift in its mining sector. With the implementation of a new mining code and the prospect of renewing various permits, Mali aims to attract increased investment while ensuring greater benefits from its mineral wealth. However, certain restrictions on new exploration permits will continue to apply, reflecting a cautious approach to regulatory changes.

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