Mali says gold mining revenues increased 14 pct in 2016

Robex Resources

21/11/2017 18:11

BAMAKO, Nov 21 (Reuters) - Gold mining revenues in Mali 
increased by 14 percent in 2016 to 280 billion CFA francs ($505 
million), Mines Minister Tiemoko Sangare said on Tuesday, 
revising an earlier estimate. 
    Earnings in 2015 amounted to 245 billion CFA francs. 
    The West-African country is the third-biggest gold producer 
on the continent after South Africa and Ghana. Last year's 
increase in Mali's mining revenues coincided with an 8.5 percent 
rise in the price of gold in 2016.     
    Gold revenues included 190.4 billion CFA francs in export 
receipts and 61.6 billion CFA francs in taxes, and made up 6 
percent of last year's gross domestic product (GDP).     
    The mining revenue figure announced on Tuesday increases the 
estimate of 247.3 billion CFA francs which was announced earlier 
this year  urn:newsml:reuters.com:*:nL5N1LT27D.  
 ($1 = 555 CFA francs) 
 
 (Reporting by Tiemoko Diallo; 
Writing by Sofia Christensen; 
Editing by Tim Cocks, Greg Mahlich) 
 ((Sofia.Christensen@thomsonreuters.com;)) 
 
Keywords: MALI MINING/