- At least 30% free State participation in mining projects
- First processing of certain minerals in the country required
The National Transitional Council (Conseil nationale de la Transition – CNT) will examine and adopt the new Mining Code tomorrow, Monday 7 August 2023. This is the culmination of one of Mali’s major reforms. The last Code in force was that of 2019. The review began with an audit of the mining sector commissioned by the Ministry of Finance. The results of the audit enabled a group of experts to propose a draft text that was validated by the government. The draft Mining Code is scheduled for a plenary session of the CNT on Monday 7 August 2023.
Many innovations are proposed in this code, including an increase in the State’s free stake in the capital to at least 30% and 5% for private nationals. In the previous code, this shareholding was 20%. Other innovations include the non-stabilisation of environmental and social aspects, the creation of a fund for training and geological research, the obligation to build a minimum of infrastructure in impacted areas, and the processing of certain minerals extracted locally. The CNT is the legislative body of the transition in Mali.
#Mines_Actu_Burkina, which is closely following this issue, will be submitting a summary of the debates at the CNT.
EK
