Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers.<\/p>\n
Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms.<\/p>\n
The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali’s holdings, according to the statement released late on Friday.<\/p>\n
The West African country is one of Africa’s largest gold producers, with mining companies including Barrick Gold, B2GOLD, Resolute Mining, Endeavour Mining\u00a0and Hummingbird Resources active in the gold-rich western and southern regions.<\/p>\n
In 2022, Mali created another state-owned\u00a0company called Sorem\u00a0with the aim to explore and develop mineral resources.<\/p>\n
Mali’s military rulers introduced\u00a0a new mining code\u00a0in 2023, expanding state and local ownership of mines to at least 35% from 20%.<\/p>\n
The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5%\u00a0in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers. Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms. The company Sopamim, whose capital is fully owned by the state, will acquire […]<\/p>\n","protected":false},"author":6,"featured_media":8835,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":5,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"Reuters","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2362,3028,27],"tags":[248,187,383,2210],"class_list":["post-19740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-mining","category-west-africa","tag-guinea","tag-mali","tag-niger","tag-west-africa"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/19740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=19740"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/19740\/revisions"}],"predecessor-version":[{"id":19741,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/19740\/revisions\/19741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/8835"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=19740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=19740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=19740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}