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Mali: Technical Assistance Report-Mining Taxation: Modeling of Five Mining Operations
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 084
Language:
English
Publication Date:
17 Mar 2016
DOI:
https://doi.org/10.5089/9781513597263.002
ISBN:
9781513597263
ISSN:
1934-7685
Pages:
18
Keywords:
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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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund