Mining Overhaul Could Raise $883 Million for Mali Projects
The fund raised 109.14 billion CFA francs in 18 months and could support borrowing of up to 500 billion CFA francs, officials said.
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5 Articles
Mali wants to mobilise up to EUR 762 million from gold proceeds for roads, rails, energy and water.
Africa’s second-largest gold producer to raise $900 from mining revenues for roads, railways and energy infrastructure
Gold-rich Mali could leverage revenues from its overhauled mining sector to raise as much as 500 billion CFA francs, equivalent to about $900 million, for energy, water and transport projects, the country’s Finance Minister Alousseni Sanou has said.
The Malian government plans to use an additional 500 billion CFA francs (approximately $900 million) expected from the mining sector to finance road, railway, energy, and water infrastructure projects.
Mali plans infrastructure projects from $800m mining fund
MALI could leverage revenues from its overhauled mining sector to raise up to 500 billion CFA francs ($883.1 million) for energy, water and transport projects, said Reuters citing the comments of the country’s finance minister Alousseni Sanou. The remarks give the first indication of how authorities intend to deploy proceeds from a 2023 mining code overhaul that raised royalties and expanded state stakes in mining ventures including Canada’s Ba…
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