Mali suspends new foreign artisanal mining permits after fatal accidents, dismissing officials linked to incidents. The government enforces stricter safety measures and halts license issuance to foreign miners. Reforms target improving state benefits from mining while addressing production challenges and disputes with foreign companies.
The Malian government has temporarily suspended new artisanal mining permits for foreigners due to recent deadly accidents in the sector. Following a Council of Ministers meeting, several administrative and security officials were dismissed for their connection to these incidents, which include a mine collapse on February 15 that resulted in 43 deaths and a flooded tunnel incident on January 29 with 13 fatalities.
In response to these tragedies, Interim President Assimi Goita directed the government to implement stricter measures aimed at preventing both human and environmental disasters. Minister of Security and Civil Protection, General Daoud Aly Mohamedinne, emphasized the need for new precautions to enhance safety standards in mining operations.
Additionally, the government has barred local councils from granting artisanal mining licenses to foreign nationals and has mandated the confiscation of machinery used in small-scale gold extraction. Mali, a prominent gold producer, provides opportunities for international mining firms like Barrick Gold and B2Gold, while ensuring that local regulations are effective in managing the industry.
Since the military coup in 2020, Mali has aimed to overhaul the mining sector to maximize benefits for the state in light of soaring gold prices, leading to tensions with foreign companies such as Barrick Gold. A recent agreement with Barrick could resolve ongoing disputes regarding mining operations. The country is also projected to receive CFA Fr750bn ($1.2bn) from mining companies in 2025 following reforms to the mining code.
Mali’s industrial gold production has faced challenges, showing a 23% reduction year-over-year in 2024. Executives from gold mining firms indicate that these regulatory changes will require strategic adaptations for future investments in Mali’s mining sector.
The Malian government’s suspension of foreign artisanal mining permits signifies a crucial response to safety concerns following fatal mining accidents. Strengthening regulations and barring local councils from issuing licenses aim to enhance safety and environmental protection. With ongoing reforms and engagements with international companies, Mali seeks to balance state benefits against the pressures from the gold mining industry as it navigates through a challenging period.
Original Source: www.mining-technology.com
