Mali Creates State-Owned Company to Manage Mining Holdings

Mali creates company to manage mining holdings

The creation of a mining company comes after the conclusion of Bamako's long fight with Canadian miner Barrick Gold

Mali creates state-owned company to manage mining holdings

Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers.

Mali Creates State Company to Manage Mining Stakes

Mali will launch Sopamim, a government-controlled entity designed to consolidate the nation’s ownership interests across its mining sector, officials announced Friday. The West African nation has steadily tightened its grip on mineral extraction over the past three years. Authorities overhauled industry regulations in 2023, mandating that the state hold at least 35% of mining projects […]

Mali Aims State-owned Company to Manage Mining Holdings - Voice of Nigeria Broadcasting Service

Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the Council of Ministers. Other resource-producing countries in West Africa, such as Niger and Guinea, have been managing their assets through similar state-owned mechanisms. The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali’s holdings, according to the statement released late on Friday. T…