Mali’s transitional authorities have recovered several billions of CFA francs following a comprehensive three-year audit of the country’s mining sector. The audit report, presented on Monday to transitional president General Assimi Goïta, marks a significant step in the government’s push to increase transparency and strengthen state control over natural resources.
The commission tasked with reviewing and renegotiating mining agreements uncovered substantial financial discrepancies, leading to the recovery of funds owed to the state. Officials say the findings reinforce the need for continued oversight and reforms in a sector long criticised for opacity.
Since assuming power, Mali’s transitional government has introduced sweeping changes to mining governance, most notably the 2023 mining code. The new legislation secures a minimum 30% state share in mining operations — a major rise intended to ensure that Mali benefits more directly from its mineral wealth.
The authorities say the recovery signals progress in improving accountability in the mining industry, even as broader governance and economic challenges persist.
