Gold miners set to stay in Mali despite insurgency, industry sources say
Despite a recent surge in militant attacks that killed Mali's Defence Minister and destabilized key areas, international mining companies are expected to maintain operations and investments in the country's mineral sector. Gold, lithium, and copper remain lucrative draws, particularly in the relatively stable southern regions where most industrial mining occurs. While security risks to supply routes and foreign-linked assets have increased, high commodity prices and existing infrastructure continue to support operational continuity. Chinese firms are showing growing interest, acquiring stakes from Western companies pulling back due to regulatory and security challenges.
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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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