Mali's new mines law needs review to win back investors, gold …

A new mining law in Mali that raises taxes and seeks to hand over big stakes in assets to the state and local investors will need to be loosened up if gold companies are to …

Illegal Artisanal Gold Mines Are Sparking Conflict in Africa

The new gold rush could be a catalyst for democratizing mining and spreading the wealth from its proceeds. As with the 19th century gold rush, which triggered the evolution of …

B2Gold is leading Mali's mining sector shift

B2Gold Corp., the Canadian gold mining leader, is forging ahead with a $10 million investment into exploration at its Fekola gold complex in Mali, a decision that underscores the …

Barrick considers Mali care and maintenance: Bristow

Barrick Gold (NYSE: GOLD) (TSX: ABX) is considering care and maintenance for its suspended Loulo-Gounkoto mine in Mali, where its gold stockpiles have been seized and …

Allied Gold gets Mali's go-ahead for new project near …

Mali signed an agreement with Canada's Allied Gold for a 35% stake in a new mine in connection to its Sadiola project. Known as Korali-Sud, the new project will be managed under Mali's new ...

Armed group mounts double attack on artisanal mining site in Mali

BAMAKO, Mali (AP) — An armed group attacked an artisanal gold mining site in southern Mali on Monday morning, a local elected official announced, the first such attack since a military …

Mali

Gold dominates Mali's natural resource sector, and Mali is at least the fourth largest gold producer in Africa, with some reports placing it third. ... In 2023, Mali adopted a new …

B2Gold, Mali agree on deal for Fekola mine, including expedited …

Mali's ruling junta had previously announced that it would delay the granting of all new mining permits to B2Gold while conducting an audit of its mining sector to apply a new …

Allied Gold gets Mali's go-ahead for new project near …

Mali signed an agreement with Canada's Allied Gold Corp for a 35% stake in a new mine in connection to its Sadiola project. Known as Korali-Sud, the new project will be managed under...

B2Gold Moves Forward with $10 Million Investment in Mali's Fekola Gold

In August 2023, Mali introduced a revised mining code, similar to those enacted by other military-led governments in West Africa. The new code increases the state's share of …

Mali adopts new mining code to raise gold …

Mali has passed a new mining code allowing the state to take up to 30 percent stakes in new mineral projects and collect more revenues from the vital industry.

Mali Hearing on Barrick's Loulo-Gounkoto Mines Postponed to …

BAMAKO (Reuters) - A Malian court hearing scheduled for Thursday on whether to put Barrick Mining's Loulo-Gounkoto mining complex under provisional administration has …

Mali's new mines law needs review to win back investors, gold mine …

Three gold mining CEOs operating in West Africa said that Mali's new rules render investment and acquisitions uneconomic. Copper $ 4.8415 / lb 2.57% Brent Crude Oil $ 64.89 …

Barrick sees deal with Mali over new mining code …

Barrick Gold, the world's No. 2 gold miner, is confident of concluding talks for a new mining code with Mali's junta-led government before the end of the year, CEO Mark Bristow told Reuters on ...

Barrick Gold reaches agreement to end mining dispute with Mali …

Canadian miner Barrick Gold has reached a new agreement with the Malian Government, potentially resolving a nearly two-year-old dispute over mining operations in the …

Allied Gold gets Mali's go-ahead for new project near …

Mali signed an agreement with Canada's Allied Gold Corp for a 35% stake in a new mine in connection to its Sadiola project. Known as Korali-Sud, the new project will be managed under Mali's ...

Mali's new mining code ends tax exemptions, shortens regulatory

Mali is the continent's third-biggest gold producer. Mali's new mining code ends tax exemptions, shortens regulatory stability period

Why Mali just seized 3 tons of gold from Canadian …

The dispute is centered on exactly how much of a stake in the mine the government owns under the new laws. Since the mine - which is situated on the far-western edge of Mali, near its border with ...

Mali to get $1.2 billion from miners after talks

Mali is set to get 750 billion CFA francs ($1.2 billion) from miners in the first quarter this year following an overhaul of its mining sector. In late December, Mali had received 500 …

Barrick CEO says miner 'making progress' in dispute with Mali

Barrick and Mali's military rulers are locked in a standoff over the distribution of revenue from the Loulo-Gounkoto mine complex. Copper $ 4.848 / lb -1.28% Brent Crude Oil $ …

Mining Mali: How Policy Changes Are Reshaping the Sector

An artisanal gold miner digs for gold in the Bantakokouta mine. Photo: John Wessels/AFP via Getty Images. As Mali's mining sector faces growing tensions — highlighted …

Mali: New Mining Code to Apply to Allied Gold's Sadiola Gold Mine

Mali's new mining code, adopted in 2023, enables the government to earn CFA500 billion more from the mining sector yearly. This code, however, is yet to be applied to the …

Mali state gold mining revenue jumps 52.5% in 2024

State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code …

Mali's Golden comeback: Mining sector poised for recovery after

Projections for 2025 indicate a 5.8% rebound, with expected output reaching 54.7 metric tons—a welcome turnaround largely driven by Barrick Gold's anticipated resumption of …

Gold in Mali

According to GlobalData, Mali is the world's sixteenth-largest producer of gold in 2023, with output down by 2.68% on 2022. Over the five years to 2022, production from Mali …

Barrick halts operations in Mali after $245m in gold …

Allied Gold (TSX: AAUC) signed a 10-year deal on its Sadiola mine with Mali in September and B2Gold (TSX: BTO)(NYSE-A: BTG) agreed with the government separately the same month on the Fekola mine.

Mali

Barrick's Loulo-Gounkoto mine faces more legal …

A Malian court has once again postponed a ruling on whether to place Barrick Mining's (TSX: ABX; NYSE: B) Loulo-Gounkoto gold complex under provisional administration, delaying the hearing until ...

Gold Mine Collapse in Mali Kills at Least 43

The accident took place in an open-pit area people had gone into in search of gold. Informal mining is a common and dangerous practice in much of West Africa. By Reuters …

Exclusive: Barrick Gold signs agreement with Mali to end mining …

Feb 19 (Reuters) - Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African …

Mali's president signs new mining code into law

Mali's interim President, Assimi Goita, has signed a new mining code into law that seeks to increase government ownership of gold concessions in the country. The new code …

AFC funding development of three new gold mines in West Africa

This will support the purchase of equipment, site infrastructure and inventories for the implementation of three new gold mining contracts, in Mali and Côte d'Ivoire. "This …

MALI NEW MINING CODE

MALI NEW MINING CODE ... several mining projects in the country notably gold production. According to Mali Ministry in charge of Mines, gold is the most extracted mineral in Mali, with a …

Mali approves Allied Gold's Korali-Sud project, aligning with its new

Mali has approved Allied Gold's Korali-Sud project, granting the Canadian company a 35% stake under the country's new mining code. The Allied Gold deal is expected to generate annual …

Mining Mali: how policy changes are reshaping the sector

The mining sector plays a strategic role in Mali's economy, with gold as its driving force. Yet, governance challenges persist at the heart of the sector's evolution.

Mali suspends artisanal gold mining permits to foreigners after

Mali has stopped issuing permits for small-scale gold mining to foreign nationals, after several deadly incidents in recent weeks and amid a drop in gold production. Interim …

Allied Gold could look at options for power supply deal at Sadiola mine

The gold miner had signed an agreement with UAE-based Ambrosia Investment for a 50% stake in its Mali mine to install a new power supply system. Copper $ 4.92 / lb 1.68% …

Mali court postpones ruling on Barrick's Loulo-Gounkoto gold …

A Malian court has, for the third time, postponed a hearing on whether to place Barrick's (TSE: ABX, NYSE: B) Loulo-Gounkoto gold complex under provisional …