Mali recovers $1.2 billion in arrears from miners under new code

Mali has recovered more than a billion dollars in arrears from mining companies after a sweeping audit, its finance minister, Alousséni Sanou, said on Tuesday.

It’s one of the country’s biggest ever clawbacks from its lucrative mining sector.

The military-led government launched an audit of the sector in early 2023 and uncovered massive shortfalls for the state. That paved the way for a new mining code that raises royalties, boosts…