Story perspectives

Mali Revokes 90 Mining Permits, Affects Gold Production

10/30/2025

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Summary

Story summary

Mali has canceled over 90 mining exploration permits affecting subsidiaries of Harmony Gold and IAMGOLD.
The decree, signed by Mines Minister Amadou Keita, cites widespread non-compliance with new legal requirements.
Permits granted between 2015 and 2022 are now open for reassignment.
Mali's gold production is expected to miss the 2025 target due to disruptions at Barrick Gold’s Loulo-Gounkoto.
The military-led government is strengthening ties with Russia in mining.

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Story summary

Mali has canceled over 90 mining exploration permits affecting subsidiaries of Harmony Gold and IAMGOLD.
The decree, signed by Mines Minister Amadou Keita, cites widespread non-compliance with new legal requirements.
Permits granted between 2015 and 2022 are now open for reassignment.
Mali's gold production is expected to miss the 2025 target due to disruptions at Barrick Gold’s Loulo-Gounkoto.
The military-led government is strengthening ties with Russia in mining.