Mali: Technical Assistance Report-Mining and Petroleum Taxation (Diagnostic Assessment)

IMF Staff Country Reports, December 18, 2015

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Transparency of the mining and petroleum sector in Mali could be improved through the online publication of agreements signed with operating companies and their feasibility studies.
Governance in the natural resources sector would benefit from the establishment of a standardized framework for the economic analysis of mining and petroleum project feasibility studies.
The ring-fencing principle is recommended to be established in a revised Mining Code and in the draft Petroleum Code.

Publish agreements signed with operating companies online to improve transparency.
Publish feasibility studies online to enhance sector transparency and public accountability.
Develop and implement a standardized framework for economic analysis of project feasibility studies to improve governance.
Introduce the ring-fencing principle in the revised Mining Code and in the draft Petroleum Code to strengthen fiscal and regulatory management of resource projects.

Subjects: Commodities, Economic sectors, Mining sector, Oil, Oil, gas and mining taxes, Production sharing, Tax incentives, Tax law, Tax policy, Taxes.
Keywords: Africa, cash flow, company, country, CR, customs duty, gas and mining taxes, government, internal rate of return, ISCR, Mining sector, net profit, Oil, Production sharing, progressive tax, tax, Tax law.