Mali: Technical Assistance Report-Mining Taxation: Modeling of Five Mining Operations

Author: International Monetary Fund. Fiscal Affairs Dept.

Volume/Issue: Volume 2016 Issue 084

Publication date: March 2016

ISBN: 9781513597263

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Topics covered in this book

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Taxation - General , ISCR , CR , government , Malian government , tax data , internal rate of return , term , mining Code , production forecast , information from the Ministry of Finance , gold production , tax information , ad valorem tax , area taxation , Mining sector , Corporate income tax , Average effective tax rate , Gold

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Summary

This paper discusses Malian mining taxation. Mali’s industrial mining sector is predominantly gold mining, with six industrial mines currently active. Most of the mines are old, but some have substantial reserves; extensions are planned for the Syama, Morila, Kalama, Tabakoto-Segela, and Loulo-Gounkoto mines. The Fiscal Analysis for Resource Industries model was completed for five new projects with recent feasibility studies. The government revenue contributed by the five new projects is on the order of US$1.7 billion (constant dollars) over the next 10 years. The application of the 1999 or 2012 Mining Code increases the government’s share of income in comparison with the 1991 code.