The Malian government has during the last Council of Ministers, on Wednesday, October 9, 2024, adopted a draft decree on the renewal of the operating permit for the Sadiola mine.
This decision is part of a framework of structural reforms aimed at maximizing the profits from the national mining industry.
Initially awarded to the Société de recherche et d’exploitation aurifere by a decree dated August 1, 1994 for a period of 30 years, the gold, silver, related substances and platinoid mining permit of the Société de recherche et d’exploitation aurifère officially expired on August 1, 2024.
The renewal of the Sadiola mine permit for an additional 10 years thus offers the Societe d’exploitation des mines d’or de Sadiola the opportunity to continue its operations.
This decision is part of a series of major reforms in the mining sector initiated by the government. These reforms aim to review all current mining agreements in order to guarantee a fairer sharing of resources and revenues from mining. The stated aim is to ensure that the operations of mining companies, including those of the Societe d’exploitation des mines d’or de Sadiola, are in strict compliance with national legislation and international best practices in financial transparency.
The Sadiola mine is one of the most important sources of revenue for the Malian State. This permit extension is seen as an important step in maintaining responsible and profitable exploitation. For experts, the draft decree adopted highlights the State’s desire to establish a balanced partnership, promoting both national and investor interests.
The review of the operational practices of the Société d’exploitation des mines d’or de Sadiola is part of a broader framework of transparency and good governance.
This government initiative is aligned with the objectives of the new mining policy, which seeks to strengthen the control of financial transactions and ensure that natural resources fully benefit the socio-economic development of Mali.
On this occasion, the Minister of Mines stressed the importance of this approach to encourage other companies in the sector to follow high standards in terms of environmental practices and corporate social responsibility.
MD/Sf/ac/fss/gik/APA