{"id":23509,"date":"2026-02-09T11:21:35","date_gmt":"2026-02-09T09:21:35","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/mali-creates-state-owned-company-to-manage-mining-holdings\/"},"modified":"2026-02-27T16:34:17","modified_gmt":"2026-02-27T14:34:17","slug":"mali-creates-state-owned-company-to-manage-mining-holdings","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/mali-creates-state-owned-company-to-manage-mining-holdings\/","title":{"rendered":"Mali creates state-owned company to manage mining holdings"},"content":{"rendered":"<p>Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of Ministers.<\/p>\n<p>Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms.<\/p>\n<p>The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali&#8217;s holdings, according to the statement released late on Friday.<\/p>\n<p>The West African country is one of Africa&#8217;s largest gold producers, with mining companies including Barrick Gold, B2GOLD, Resolute Mining, Endeavour Mining and Hummingbird Resources active in the gold-rich western and southern regions.<\/p>\n<p>In 2022, Mali created another state-owned company called Sorem with the aim to explore and develop mineral resources.<br \/>\nMali&#8217;s military rulers introduced a new mining code in 2023, expanding state and local ownership of mines to at least 35% from 20%.<\/p>\n<p>The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.<\/p>\n<p>Last month, Mali named a former Barrick executive as special adviser to the presidency who will oversee the mining sector.<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":15697,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-23509","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.","published_date":null,"news_description":"The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23509\/revisions"}],"predecessor-version":[{"id":26452,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/23509\/revisions\/26452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15697"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=23509"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=23509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}