Exclusive analysis of the Malian extractive sector.
Following months of negotiations under the 2023 Mining Code, increased State participation transforms this historic agreement for one of Africa's largest gold complexes.
Long focused on gold, Mali has just shipped its first cargoes of spodumene concentrate. An industrial revolution reshaping regional geopolitics.
The effects of the 2023 Mining Code are becoming tangible. The local development fund has just released an unprecedented 18.4 billion FCFA (~$30 million) for direct community project financing.
Established in February 2026, the Mining Assets Company of Mali (SOPAMIM) is now the State's financial arm, managing the State's sovereign stakes (which can reach up to 35%) in national mines.
2025 was the most challenging year in a decade for Malian gold production (~42 tons). However, with new pits coming online and legal clarity, 2026 marks a strong comeback.
