{"id":474059,"date":"2021-11-02T12:06:51","date_gmt":"2021-11-02T12:06:51","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=474059"},"modified":"2021-11-02T12:06:51","modified_gmt":"2021-11-02T12:06:51","slug":"mali-transitional-government-strengthens-its-control-over-gold","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/11\/02\/mali-transitional-government-strengthens-its-control-over-gold\/","title":{"rendered":"Mali: transitional government strengthens its control over gold"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Mali has announced new rules to better control artisanal gold mining. The country plans to require permits for small miners and establish 200 cooperatives with help from the World Bank as part of an initiative to formalize trade through intermediaries.<\/p>\n<p>These advances will allow Mali to increase its total production by 15%, according to the Minister of Mines, Lamine Traor\u00e9. The country has a desire to overtake South Africa as the continent\u2019s second largest producer.<\/p>\n<p>\u201cWe can go from being the third largest gold producer to the second in Africa,\u201d said Lamine Traor\u00e9.<\/p>\n<p>It should be noted that Bamako had adopted a mining code that entered into force at the end of 2020 which had established plans to overhaul the sector, without any measure having been implemented.<\/p>\n<p>According to local authorities, \u201cMali loses up to 15 tonnes per year &#8211; or about $ 860 million at today&#8217;s price &#8211; of artisanal gold production that has smuggled out of the country. Its favorable export taxes also encourage supplies to enter the country illegally before being shipped. &#8221;<\/p>\n<p>Mali&#8217;s industrial gold mining production is estimated at 70 tonnes in 2021 and could reach 80 tonnes in the coming years as Mali formalizes artisanal mining and other operations are put online, according to official figures from the Ministry of Mines.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Mali has announced new rules to better control artisanal gold mining. The country plans to require permits for small miners and establish 200 cooperatives with help from the World Bank as part of an initiative to formalize trade through intermediaries. These advances will allow Mali to increase its total production by 15%, according to the<\/p>\n","protected":false},"author":527297,"featured_media":474060,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12032,12036],"tags":[18865,87,20088,20087],"class_list":{"0":"post-474059","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-commodities-en","8":"category-sectors","9":"tag-control","10":"tag-mali","11":"tag-over-gold","12":"tag-transitional-government","13":"post_format-post-format-aside","14":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mali: transitional government strengthens its control over gold - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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