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Mali’s government approved seven mining deals under a new code, boosting state control and revenue from gold and lithium projects.
Mali’s military government has approved seven mining agreements under its 2023 mining code, boosting state control and revenue from major gold and lithium projects.
The deals, covering operations like Sadiola, Fekola, Syama, and Bougouni, grant the government a guaranteed 35% stake, priority dividends, and higher royalties of 10%.
The reforms reflect a shift toward resource nationalism, moving away from Western partners toward Russian-backed investors amid ongoing regulatory uncertainty.
While some companies like Endeavour Mining have complied, Barrick Gold remains in dispute, complicated by a former executive now advising the president.
The changes aim to increase national revenue, though investment and output growth face challenges.
El gobierno de Mali aprobó siete acuerdos mineros bajo un nuevo código, aumentando el control estatal y los ingresos de los proyectos de oro y litio.