Post #291

👑Mali Closes the Era of Turbulence Good accounting has earned Assimi Goïta an additional $1.2 billion 💵 Mali has just recovered about $1.2 billion from its mining sector after a large-scale audit of mining companies’ accounts. ➡️ This outcome symbolically closes the turbulent period that followed the introduction of a new Mining code in 2023, which ensured the state gets a greater share of gold profits. The code was followed by audits of companies’ past operations, renegotiations with foreign mining companies, and nearly two years of dispute with the country’s largest miner Barrick. 📈 The special debt-recovery commission has so far collected 761 billion CFA francs, almost twicethe initial estimates of what companies owed. Now that all renegotiations are over and Barrick has accepted the new rules, Mali can confidently name itself Africa's most impressive example of successful resource nationalism policies. Devils Below