Mali to partially lift mining permit suspension | Mining News

Mali to partially lift mining permit suspension – Mining News

Mali will partially lift its suspension on the issuance of mining permits following important efforts to clean up the mining register, in accordance to the nation’s mines ministry.

The partial suspension of the choice is predicted to be applied from 15 March, reported Reuters.

The West African nation, a main gold producer, initially halted the allocation of mining titles in November 2022 to refine its procedures.

In 2023, Mali enacted a new mining code, growing taxes and aiming to allocate substantial stakes in property to the state.

With the partial lifting of the suspension, Mali’s mining administration will now course of purposes for renewing exploration and exploitation permits, transitioning from the exploration part to the exploitation part, and transferring exploitation permits.

However, new mining permits and search permit transfers stay on maintain, the report mentioned.

Mining corporations working in Mali have welcomed the federal government’s resolution.

Roscan Gold president and CEO Nana Sangmuah mentioned: “This announcement gives much-needed readability and stability for the mining industry in Mali, and we admire the federal government’s dedication to strengthening the sector’s governance.

“I have spent significant time in Mali in the last several months meeting with senior government officials and this step forward represents a significant de-risking of our Kandiole Project. This reinforces our confidence in the project’s potential and the positive upward trajectory of Mali’s mining sector and the opportunities ahead for Roscan.”

The Malian Government additionally lately introduced the suspension of new artisanal mining permits for international nationals in response to a collection of deadly accidents.

This resolution adopted a mine collapse on 15 February, which resulted in 43 fatalities, and a flooded tunnel on 29 January, which claimed 13 lives.

Consequently, a number of administrative and security officers have been authorised for dismissal by a Council of Ministers assembly in relation to these accidents.

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