Mali: Dissolution of the Chamber of Mines, a strategic reorganization to revitalize the gold sector
The dissolution of Chamber of Mines in Mali, recently decided by the authorities, marks an important step in the reorganization of the country’s mining sector. Established in 2004 and reorganized in 2018 to represent stakeholders in the sector, the Chamber had been plagued by significant dysfunctions, notably prolonged delays in holding consular elections. The term of the office led by Abdoulaye Pona, which expired in 2016, had still not been renewed due to institutional blockages.
Identified issues include gaps in the electoral regulations, opaque management of the membership registry, and allegations of mismanagement under the previous leadership. These dysfunctions led to a loss of trust among sector stakeholders and paralyzed the democratic functioning of the institution. To address the situation, a transitional college will be put in place to manage day-to-day operations and organize credible and transparent elections.
The gold sector, a cornerstone of Mali’s economy, remains a strategic issue for the country. In 2024, Mali maintained its position as the third-largest gold producer in Africa, with an industrial production of 57.3 tonnes, although down from 66.5 tonnes in 2023. This decline is attributed to the gradual depletion of reserves at certain mines and operational challenges. Gold represents about 70% of national exports and contributes 25% of tax revenue, with export revenues exceeding 1.926 billion CFA francs in 2024.
To maximize the economic benefits, the authorities adopted a new mining code in 2023, increasing the state’s participation in mining projects from 20% to 35%. While beneficial for national sovereignty, this reform has caused tensions with international mining companies such as Barrick Gold and Resolute Mining. Ongoing negotiations aim to harmonize existing mining agreements with the new legal requirements.
The reorganization of the Chamber of Mines, through the establishment of more transparent and efficient governance, represents a key lever to strengthen the competitiveness of the gold sector and ensure a better distribution of economic benefits.
