Search

Mali’s Junta Squeezes Gold Miners, Lifts Treasury Take but Chills Investment

Allen dreyfus Logo
© Allen Dreyfus
  • 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.

You need an active subscription to continue reading this article.

Recent Business

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights