Mali’s government has suspended new artisanal mining permits for foreigners after recent deadly accidents. This suspension follows a series of fatalities from mine collapses, leading to the dismissal of associated officials. The government aims to strengthen safety measures in the mining sector while regulatory changes are prompting adjustments in foreign investment.
The Government of Mali has decided to suspend the issuance of new artisanal mining permits for foreign nationals due to a series of fatal accidents. This announcement was made following a Council of Ministers meeting and is aimed at enhancing safety measures in the mining sector. Dismissals of officials connected to these incidents were also approved.
This decision is a direct response to two recent tragedies, including a mine collapse on February 15 that resulted in 43 deaths and a flooded tunnel incident on January 29 that led to 13 fatalities. In light of these accidents, Interim President Assimi Goita has mandated the government to implement stricter measures to prevent further human and environmental disasters, as stated by Minister of Security and Civil Protection, General Daoud Aly Mohamedinne.
Furthermore, measures will include prohibiting local councils from granting artisanal mining licenses to foreigners and confiscating any equipment used for gold extraction in small-scale operations. Mali, a prominent gold producer, hosts numerous international mining companies, such as Barrick Gold, B2Gold, Resolute Mining, and Hummingbird Resources.
Since the military coup in 2020, the Malian government has been revising the mining sector regulations to secure increased benefits from the high gold prices. This revision has sparked disputes with foreign entities, including ongoing issues with Barrick Gold. A recent agreement reached with Barrick could resolve a two-year-long conflict regarding mining operations in the region.
Mali anticipates receiving CFA Fr750 billion ($1.2 billion) from mining companies in the first quarter of 2025, following reforms in the mining sector and the introduction of a new mining code. Notably, industrial gold production in Mali experienced a 23% year-over-year decrease in 2024, highlighting the challenges within the industry. CEOs of gold mining firms have indicated that these regulatory changes will require adjustments in future investment strategies in Mali’s gold sector.
In summary, Mali’s government has suspended new artisanal mining permits for foreigners in response to tragic incidents resulting in multiple fatalities. This decision reflects the government’s commitment to enhancing safety standards and revising the mining sector structure for greater domestic benefit. While the country anticipates future revenue from mining reforms, challenges remain evident in its gold production figures and the necessity for companies to adapt to new regulations.
Original Source: www.mining-technology.com
