Over the past decade, the Republic of Mali (“Mali” or the “State”) has seen an upsurge in the exploitation of its natural resources. A growth that has resulted in the development of several mining projects in the country notably gold production. According to Mali Ministry in charge of Mines, gold is the most extracted mineral in Mali, with a production estimated at 66 tonnes for the fiscal year 2022. State revenue from gold mining companies has reached a record of about CFA Francs of 763.7 billion in 2022 representing around 9% of gross domestic product while revenues generated by the whole extractive sector amounted CFA Francs 429.576 billion in 2020.
Me Alhassane SOUKOUNA
