Mali to get $1.2bn from miners after talks
On 13 January 2025, Mali is set to receive 750 billion CFA francs ($1.2 billion) from miners in the first quarter of 2025, following an overhaul of its mining sector. This follows a December payment of 500 billion CFA francs after negotiations with mining companies, as stated by Finance Minister Alousseni Sanou in a speech to Parliament.
The overhaul has intensified scrutiny on international miners, with demands for back taxes and dividends revealing revenue shortfalls of up to 600 billion CFA francs. Australia’s Resolute Mining settled a $160 million tax dispute, while Barrick Gold faces claim of $512 million in unpaid taxes, rejecting the allegations. The reforms aim to boost state revenue amid tensions with mining companies over regulatory changes.
Source: https://www.miningweekly.com/article/mali-to-get-12bn-from-miners-after-talks-2025-01-13
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