By:Miningbusinessafrica

Finance Minister Alousseni Sanou confirmed that Mali had already collected 500 billion CFA francs by late December after discussions with miners. The remaining funds are expected to be received by March 31, according to Sanou’s remarks to the National Transition Council.

Mali introduced a mining code in 2023, raising the government’s stake in producing assets from 20% to 35%. The code also includes a 7.5% royalty on sales if gold prices exceed $1,500 per ounce. An audit revealed a shortfall of 300–600 billion CFA francs in state revenue, leading to demands for back taxes and dividends.

Economic stability

Resolute Mining Ltd. paid approximately $160 million in taxes following the detention of its CEO in November 2023. B2Gold Corp. and Allied Gold Corp. reached new agreements, including settlement payments for their Fekola and Sadiola mines.