The government of Mali has begun redistributing mining revenues to local authorities, allocating more than CFA18.4 billion (around $33 million) through the Local Mining Development Fund, according to officials.
The funds were formally handed over on 12 March 2026 at the Koulouba Presidential Palace, during a ceremony presided over by General Assimi Goïta, Mali’s head of state, alongside the prime minister and members of the National Transitional Council.
The initiative forms part of broader reforms following the adoption of a new mining code aimed at increasing the economic benefits Mali derives from its natural resources.
Key developments
• CFA18.4bn distributed to municipalities nationwide through the Local Mining Development Fund.
• 50% of funds directed to municipalities located in mining zones.
• Revenues financed mainly through mining royalties and company contributions based on turnover.
• Funds earmarked for healthcare, education, water access, energy, and local infrastructure.
Mining remains central to Mali’s economy, with gold exports accounting for a significant share of national revenue, while the country is also expanding into lithium projects linked to global energy transition demand.
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