Mali sees slow return of mining permits

Mali’s government has begun processing mining exploration permits again after nearly four years of delays caused by regulatory reforms. Between August and September 2026, 21 permits were processed, signaling a cautious resumption of activity in the sector.

Reforms aimed at improving permit management

In 2022, Mali introduced reforms to better manage mining permits, followed by the adoption of a new Mining Code in 2023. However, it was not until March 2025 that the government started to lift restrictions on permit renewals, allowing companies to update existing permits but not to apply for new ones.

Recent renewals focus on gold and lithium

By the end of August 2026, the government had renewed ten exploration permits for gold and lithium. Another major wave of renewals was approved in September, highlighting the government’s efforts to restart the sector after years of stagnation.

New agency to boost mineral research

During the September meeting, the government announced the creation of an agency dedicated to researching and developing mineral resources. The agency is expected to help expand exploration areas and increase opportunities for international partners, though details about its operations remain unclear.

Renewals crucial for company operations

For mining companies, the renewal of permits is essential for continuing their work in Mali. For example, Cora Gold, a junior miner, views the renewal of its Sanankoro II permit as a key step toward obtaining an exploitation permit needed to build a gold mine, estimated to cost $124 million.

Mali faces decline in mining investments

Despite these developments, Mali has experienced a third consecutive year of declining investments in mining exploration, according to S&P Global. This decline is the most severe on the continent, raising concerns about the future of the sector and the country’s economic stability.