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The Council of Ministers of the Republic of Mali, chaired by General Assimi Goïta (President of the Transition / Head of State), adopted on 6 February 2026 (Communiqué CM N°2026-05/SGG) the founding texts establishing Société de Patrimoine Minier du Mali S.A. (SOPAMIM) — a société anonyme 100% owned by the Malian state.
SOPAMIM's mandate has three core functions: 1. Equity participation vehicle: take and hold direct state equity stakes in mining companies operating on Malian territory on behalf of the Republic 2. National-shareholding carrier: hold the participation shares reserved for Malian nationals under the local-content / national-shareholding architecture of the 2023 Code Minier 3. Portfolio consolidation: centralise and professionally manage all public mining-sector holdings previously distributed across multiple administrative structures (SOREM-SA, direct ministerial holdings, etc.)
This creation fulfils a statutory mandate embedded in Loi N°2023-040 du 29 août 2023 portant Code Minier (already filed at 2023-08-29-mali-loi-2023-040-code-minier), which explicitly required the establishment of a société de patrimoine to hold and administer state participations in mining companies. The Code Minier's fiscal architecture provides for a 10% free-carry (carried interest, no cost to state), an optional 20% paid participation at commercial terms, and a 5% local-private participation reserved for Malian citizens — a combined potential 35% domestic ownership stake in all new and existing mining projects. SOPAMIM is the corporate vehicle through which all three participation tiers are now operationally executed.
2025-06-16-mali-loulo-gounkoto-provisional-state-administration) was triggered by the renegotiation impasse over unpaid dividends and state-participation terms; SOPAMIM now provides the corporate receptacle for any resolved state equity stake at Loulo-Gounkoto — the world's second-largest operating gold mine by recent output (~600,000 oz/yr)2025-06-11-burkina-faso-sopamib-nationalisation-decree), Niger has SOPAMIN/TSUMCO (filed 2025-06-19-niger-somair-uranium-mine-nationalisation); Mali now completes the AES bloc's state-mining-patrimony architectureSeverity 3 reflects: (i) foundational corporate-vehicle creation with country-wide scope; (ii) operationalises the 35% domestic-ownership mandate of the 2023 Code Minier across all mining projects in Mali (≈75% of national exports / 25% of budget revenues / 10% of GDP); (iii) Loulo-Gounkoto (Barrick) alone is Barrick's second-largest gold mine and the world's second-highest-producing gold operation by recent output; (iv) closes the Sahel state-SOE corporate-vehicle architecture; (v) first ML state-mining-holding-company filing establishing the responds_to graph anchor for the entire Goïta-era resource-nationalism renegotiation cohort.