maina (@buddingdilettante.bsky.social)

Mali Recovers Over USD 1.2 Billion After Renegotiating Mining Deals Mali’s government announced earlier this month that it has secured more than 761 billion CFA francs (about USD 1.2 billion) in unpaid revenue from mining companies following a comprehensive audit and renegotiation of contracts in the extractive sector, making it one of the most significant resource governance interventions in the country’s recent history. Mali is one of the world’s top 20 gold producers and Africa’s third largest gold producer and it relies heavily on mining as a pillar of its economy. Yet, in light of the disparity in the amount of minerals exported and revenue that Mali was obtaining for them, authorities concluded that the country was not receiving its fair share of benefits from its natural resources. https://popularresistance.org/mali-recovers-over-usd-1-2-billion-after-renegotiating-mining-deals/