Mali has suspended foreign artisanal gold mining permits due to fatal site accidents, aiming to enhance state control and citizen safety. The government will seize mining equipment and address tensions with companies over mining code compliance. Gold exports represent over 80% of Mali’s total exports, with artisanal mining supporting over 2 million people.
Mali has recently enacted a suspension of licenses for artisanal gold mining, specifically targeting permits assigned to foreign enterprises following a series of fatal accidents at mining sites. This initiative is part of the government’s effort to enhance state control and ensure the safety of its citizens by confiscating and nationalizing mining equipment.
The suspension comes amid rising tensions between military authorities and mining companies regarding adherence to new regulations introduced in a revised mining code. Mali, one of Africa’s prominent gold-producing nations, heavily depends on gold exports, which account for more than 80% of its total export revenue. Artisanal mining plays a vital role in the economy, yielding approximately 30 tons of gold annually and sustaining over 2 million individuals.
In summary, Mali’s suspension of artisanal gold mining permits for foreign companies aims to ensure safety and reinforce governmental control over mining activities. This decision reflects the country’s commitment to addressing the hazards associated with artisanal mining and underscores the importance of regulatory compliance in the mining sector.
Original Source: www.voiceofalexandria.com
