Mali Suspends Foreign Artisanal Gold Mining Permits Following Fatal Accidents

Mali has suspended artisanal gold mining permits for foreign companies due to fatal accidents. The government aims to enhance control and nationalize mining equipment. This decision follows tensions over a new mining code, as gold exports constitute over 80% of Mali’s economy, supporting over 2 million people.

Mali has recently announced a suspension of artisanal gold mining permits specifically for foreign companies. This decision is in response to several fatal accidents reported at mining sites. The government’s initiative aims to enhance state control over mining operations and safeguard its citizens by nationalizing and seizing mining equipment used by these foreign entities.

The suspension reflects underlying tensions between mining companies and the military authorities regarding adherence to a newly implemented mining code. As a major gold producer in Africa, Mali’s economy heavily depends on gold exports, which account for over 80% of the nation’s total exports. Notably, artisanal mining generates approximately 30 tons of gold each year, sustaining the livelihoods of over 2 million individuals in the country.

In conclusion, the suspension of artisanal gold mining permits for foreign companies in Mali underscores the government’s commitment to increasing control over the mining sector and ensuring citizens’ safety. This move, amidst tensions surrounding regulatory compliance, highlights the significant role of gold mining in the nation’s economy, which remains heavily reliant on gold exports and the livelihoods of countless individuals.

Original Source: www.voiceofalexandria.com