Gold miners set to stay in Mali despite insurgency, industry sources say
International mining companies are expected to continue investing in Mali despite recent violence, including the killing of the Defence Minister. Mali remains a significant gold producer, with high international market prices attracting investment. However, concerns over supply routes and security risks persist due to ongoing insurgent activity.
- ▪Mali is one of Africa's largest gold producers, with significant deposits of lithium, uranium, and copper.
- ▪Recent attacks by insurgents have raised concerns about supply routes and asset security for mining operations.
- ▪Despite instability, some mining companies, including Australian-listed Resolute, report that their operations remain unaffected.
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Open this photo in gallery:Malian soldiers stand on patrol after the attack on Mali's main military base Kati, outside the capital Bamako, on Sunday.Stringer/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountInternational mining companies are likely to keep investing in Mali, one of Africa’s most resource-rich countries, even though attacks on Saturday that killed the Defence Minister have increased concerns about supply routes, industry executives and analysts said. Mali is one of Africa’s biggest producers of gold, which has hit record high levels on international markets. It also has significant lithium, uranium and copper deposits.
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