Adopts new Mining Code increasing the State and local participation in new projects.
08 Aug 2023
On 8 August 2023, Mali adopted a new Mining Code that increasees State and private Malian interests in new projects. The new Code now allows the Government to take a 10% stake in mining projects and the option to buy an additional 20% within the first two years of commercial production. A further 5% stake could be ceded to locals, taking state and private Malian interests in new projects to 35%, from up to 20% today. Meanwhile certain tax exemptions have been abolished.
-
Type:
-
Entry and establishment (Ownership and control)
-
Promotion and facilitation (Investment incentives)
-
Industry:
-
Primary (Mining and quarrying)
-
Sources:
