- Tough new code and high‑profile detentions helped state haul soar 52 % to $1.4 bn in 2024
- Output slid 23 % amid standoff; Barrick shuts offices, analysts warn of costlier borrowing
When Mali’s military seized power in 2020‑21 it vowed to reclaim “a fair share” of the country’s most lucrative export. A tougher mining code that took effect in early 2024 raises the state’s stake in new projects to 35 % and has already doubled the sector’s contribution to the budget—to 20 % of GDP by government estimates—yet the drive is unnerving the foreign groups that dig up almost all of Mali’s bullion.
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