Buy Gold in Mali with Verified Financing

Mali

Primary minerals	Gold, lithium
Key gold areas	Kayes, Sikasso and Koulikoro regions
Regulator	National Directorate of Geology and Mines (DNGM)
Gold trade agency	OMASP, created April 2026
Governing law	Mining Code, Law 2023 040
Export hub	Bamako

Who regulates gold in Mali

Mining is governed by the Mining Code (Law 2023 040 of 29 August 2023) and supervised by the National Directorate of Geology and Mines (DNGM). In April 2026 the government created OMASP, the Malian Office for Precious Substances, under the Ministry of Industry and Trade, and parliament then gave it a legal basis. Its role is to centralise gold flows, oversee transactions and improve export traceability. Its detailed powers are still being published, so we check its current requirements on every deal.

Who can buy and export gold in Mali

• Artisanal miners work under an artisanal mining permit issued by local authorities inside designated artisanal corridors.
• Export is limited to authorised persons, and gold is excluded from the general exemption on export intention duties.
• Refining: the Mining Code requires title holders to refine in state owned refining units in Mali, or at another Mali based refinery with interministerial authorisation. A 200 tonne a year state refinery at Sénou, Bamako, is under construction.

How gold is exported from Mali

1. The exporter confirms its authorisation and the lawful origin of the lot.
2. The gold is assayed and valued, and refined where the Mining Code requires it.
3. The exporter files an export intention and pays the stamp duty on export intentions of mining products.
4. A licensed customs agent completes formalities and the shipment leaves from Bamako.

Mali has not published a single official step by step procedure for artisanal gold exports, so we confirm each step with the authorities before funding.

Taxes on gold in Mali

The 2023 Mining Code applies two main levies on mining products: a tax on turnover set by the General Tax Code, and a tax on the value of production that is indexed to the gold price by decree. The state takes a free 10% stake in mining companies, with an option on 20% more, and a Malian private investor may take another 5%. Because the rates move with the gold price, we confirm the applicable figures on every export.

Where Mali's gold comes from

Gold is mined mainly in the Kayes, Sikasso and Koulikoro regions. Major mines include Loulo Gounkoto on the Senegal border, Fekola, Sadiola, Syama and Nampala, and artisanal mining is widespread across the south and west.

Recent changes buyers must know

• 2023: new Mining Code with higher state participation.
• 2025: about 761 billion FCFA in back taxes recovered from miners; the Loulo Gounkoto dispute with Barrick was settled in November 2025.
• Since late 2025: a fuel blockade has forced military escorts for convoys to mines and reduced industrial output.
• April 2026: OMASP created to oversee the gold trade.

Mistakes to avoid in Mali

• Trusting origin papers alone. Mali's tax rules once drew gold from neighbouring countries that was re exported as Malian. Independent studies estimate tens of tonnes a year leave undeclared.
• Ignoring security on the route. Transport from mining areas to Bamako needs insured, secured logistics.
• Paying duties to the seller. In every deal we finance, they are paid directly to the authorities.

Our scam guide explains the wider pattern.

How we finance a gold purchase in Mali

1. You apply online at no cost and receive a reference number.
2. We complete KYC on you and verify the exporter's authorisation and the lot's true origin.
3. We attend the assay and valuation in Bamako and confirm current OMASP and refining requirements.
4. We issue written terms, then finance duties, insurance, secured transport and freight, paid directly to the authorities and providers.
5. You receive the gold, run your final assay and settle. Our single success fee is due only then.

If a Mali seller cannot prove where the gold was mined, the deal stops before it costs you anything.

Frequently asked questions: buying gold in Mali

Other markets we finance

We finance verified gold transactions across West Africa: Sierra Leone · Ghana · Guinea · Burkina Faso · Côte d'Ivoire · Liberia · Senegal. See all country guides or read our guide to avoiding gold scams.

Apply for financing in Mali

If you have a pending or planned gold purchase in Mali, submit it through our buyer application. We review it within 2 business days and, if it passes due diligence, carry every upfront cost while you settle after delivery and final assay.