https://www.miningweekly.com

Mali gold mining revenue rises 23% in 2021

7th June 2022

By: Reuters

  

Font size: - +

State revenue from gold mining companies in Mali rose 23% year-on-year in 2021 to 564.5-billion CFA francs ($931-million) after certain tax allowances were ended, a mines ministry official said on Monday.

Mali is one of Africa's top gold producers and home to industrial mines operated by companies including Barrick Gold, B2Gold, Resolute Mining, AngloGold Ashanti and Hummingbird Resources.

Mining, mostly for gold, is a pillar of the country's economy, accounting for nearly 10% of gross domestic product (GDP) in recent years.

"The increase (in revenue) is due to the lifting of certain exemptions granted to some," said Mamadou Sidibe, director of the ministry's statistics unit.

Mali's industrial gold output was 63.4 tonnes in 2021, a 2.6% drop from the previous year.

Edited by Reuters

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION