Title: The mining sector in Mali in full mutation: A takeover by the authorities
Introduction: Since the arrival of the transitional authorities in Mali, a strong desire to increase the contribution of mining activity to the country’s economy has been felt. Following an audit carried out on fifteen mining companies and the adoption of two new laws, the mining sector is undergoing a real transformation. In this article, we will analyze the changes brought about by these reforms and their impact on the economic and social development of Mali.
I. A new mining code for a better redistribution of wealth
The new mining code adopted by the Malian authorities aims to grant a greater role to national players in the exploitation of mining deposits. From now on, the exhibitors will have to cede 10% of their participation free of charge to the State, which will also have the possibility of acquiring an additional 20%. In addition, local investors are guaranteed an opportunity to enter projects up to 5%. This measure aims to ensure better redistribution of the wealth generated by the mining sector.
II. Reinforced regulation and sustained local development
The new text also provides for the division of mining agreements, with fixed durations for research titles and operating permits. This reinforced regulation will ensure better management of the country’s mining resources. Furthermore, the mining code puts an end to fuel exemptions granted to miners during operations, except during prospecting years. In addition, miners will have to contribute 0.75% of their turnover to a mining fund for local development. This measure aims to support local communities living around mining sites by financing development projects.
III. A place granted to Malian companies and national workers
A second law, entitled “local content”, was adopted to regulate the place granted to Malian companies and national workers in the mining sector. This ambitious framework aims to promote the development of local capacities, both human and material. However, some experts warn of potential difficulties in implementing this law.
Conclusion: The reforms implemented by the transitional authorities in Mali bear witness to their desire to take control of the mining sector in order to derive more economic and social benefits from it. These measures aim to ensure better redistribution of wealth, stronger regulation and sustained local development. It remains to be seen how these reforms will be implemented in practice and what the long-term results will be