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Mali recovers over USD 1.2 billion after renegotiating mining deals...
23 Dec, 2025 08:21 71 min read
The Malian government has recovered approximately USD 1.2 billion in unpaid revenue after auditing and renegotiating mining contracts, citing previously unfavorable terms and weak oversight. This intervention was part of a broader reform that included adopting a new Mining Code in 2023, which significantly increases state and local ownership in mining projects. The reforms aim to ensure a fairer share of resource benefits for the country, strengthen economic sovereignty, and boost the mining sector's contribution to the national budget and GDP. The move marks a decisive shift in resource governance, balancing economic justice with a new regulatory environment for investors.... More