Print Friendly and PDF

Mali Gold Mining Revenue
Rises 23% in 2021

(Reuters) – 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.

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.

GOLD STOCK NEWS

Copyright 2021 - 23 || All Rights Reserved
Reproduction in whole or part is strictly prohibited without prior written permission.


NOTE: Gold Stock News does not itself endorse or guarantee
the accuracy or reliability of information, statements or opinions
expressed by any individuals or organizations posted on this site


Gold Stock News is published by
BULL & BEAR MEDIA GROUP, INC.
Info@TheBullandBear.com

Website Designed & Maintained by Gemini Communications

PLEASE READ DISCLAIMER