{"id":105170,"date":"2025-12-03T03:28:00","date_gmt":"2025-12-03T03:28:00","guid":{"rendered":"https:\/\/sotnews.agency\/?p=105170"},"modified":"2025-12-03T03:28:00","modified_gmt":"2025-12-03T03:28:00","slug":"mali-recovers-1-2bn-in-arrears-from-miners-eyes-annual-windfall-under-new-code","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=105170","title":{"rendered":"Mali recovers $1.2bn in arrears from miners, eyes annual windfall under new code"},"content":{"rendered":"
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Mali has recovered 761 billion CFA francs ($1.2 billion) in arrears from mining companies following a sweeping audit, its finance minister said, marking one of the country\u2019s biggest clawbacks from its extractive sector.<\/p>\n

The military-led government launched an audit of Mali\u2019s mining sector in early 2023 that uncovered massive shortfalls for the state and paved the way for a new\u00a0mining code.<\/p>\n

That new mining law raised royalties, boosted state stakes in mining companies and scrapped stability clauses.<\/p>\n

A recovery commission was set up after an audit by firms Inventus and Mozar flagged financial irregularities and shortfalls for the state estimated at 300 to 600 billion CFA francs.<\/p>\n

The overhaul of the industry triggered a two-year\u00a0dispute\u00a0with Canadian miner Barrick Mining, Mali\u2019s top gold producer, before a\u00a0deal\u00a0was struck in November.<\/p>\n

Economy and Finance Minister Alouss\u00e9ni Sanou, speaking on state television late on Monday, did not say if the recovered sum included Barrick\u2019s recent 244 billion CFA francs\u00a0deal.<\/p>\n

Other operators, including B2Gold, Allied Gold, Resolute Mining, Endeavour Mining, and lithium players like Ganfeng\u00a0and Kodal\u00a0settled their arrears and\u00a0migrated\u00a0to the new regime earlier.<\/p>\n

\u201cI am delighted with these results, among which we can mention the recovery of 761 billion CFA out of a target of 400 billion,\u201d Sanou said during a ceremony presenting the audit report to President Assimi Goita.<\/p>\n

Sanou added that all mining companies will now operate under the 2023 code, which is expected to lift annual revenues by 586 billion CFA francs on audited firms alone, bringing their total contribution to about 1,022 billion CFA francs each year.<\/p>\n

Audit and legal costs amounted to 2.87 billion CFA francs, he said.<\/p>\n

Mamou Tour\u00e9, a member of the renegotiation committee, said the goal was not only to recover funds but also to give the state a sizable stake in mining contracts.<\/p>\n

Mali, one of Africa\u2019s top gold producers, relies heavily on mining for export earnings and fiscal revenues.<\/p>\n

The scrutiny to tighten oversight has squeezed growth, with industrial gold output\u00a0falling\u00a032% year-on-year to 26.2 metric tons by the end of August.<\/p>\n<\/div>\n

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\"MaliMali has recovered 761 billion CFA francs ($1.2 billion) in arrears from mining companies following a sweeping audit, its finance minister said, marking one of the country\u2019s biggest clawbacks from its extractive sector.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1972,13281,2672,984,10,9],"tags":[],"class_list":["post-105170","post","type-post","status-publish","format-standard","hentry","category-africa","category-barrick-mining","category-mali","category-miners","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=105170"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/105170\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=105170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=105170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=105170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}