Mali has formally entered a new chapter in its mining industry, marking a historic shift in the country’s economic landscape. The government’s implementation of the 2023 Mining Code is now fully operational, bringing enhanced control and financial benefits to the Malian public treasury.
On September 19, 2025, Mali approved the implementing decrees for four strategic mining projects: the gold mines at Sadiola and Syama, and the lithium projects at Goulamina and Bougouni. These initiatives are considered essential to the national economy, reinforcing the country’s industrial and financial sovereignty.
Central to the reforms is the strengthening of the State’s participation in all projects, now set at 35% of the capital.
This structure includes a 10% free participation and priority dividend rights, ensuring that the public treasury receives early and substantial financial returns from the sector.
Mining operators have swiftly aligned with the new framework. Agreements signed in 2024 with major partners, including Allied Gold, Kodal Mining, and Ganfeng Lithium, fully incorporate the Code’s provisions.
Additionally, a memorandum of understanding with Resolute Mining regarding Syama’s operations was signed in December 2024, although technical finalization is still ongoing.
Observers note that the accelerated implementation of the Mining Code signals a clear political determination to strengthen Mali’s economic sovereignty and maximize local benefits from the extractive sector. By securing a more significant role for the State in strategic projects, the government aims to ensure fairer partnerships with international investors while safeguarding long-term national interests.
This move represents a milestone for Mali, promising a more balanced, transparent, and prosperous future for its mining industry. Analysts say it may serve as a model for other African nations seeking to assert greater control over their natural resources while attracting foreign investment.
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