Mapping Mali’s gold and natural resource wealth
Summary
Mali is facing ongoing political violence and attacks by armed groups. Despite this, the country has large gold reserves, making it the second-largest gold producer in Africa. Mali's mining sector is mainly run by foreign companies, but new laws aim to increase the government’s share of mining profits.Key Facts
- Mali has experienced coups and attacks, including a deadly attack on the Defence Minister in April 2024.
- The country has about 800 tonnes of proven gold reserves, with potential for up to 2,000 tonnes.
- Mali produced roughly 100 tonnes of gold in 2024, making it Africa’s second-biggest producer after Ghana.
- Gold accounts for nearly 80% of Mali’s exports and generated about $4.3 billion in 2024.
- The mining industry is primarily controlled by foreign companies from Canada, Australia, and China.
- In 2023, Mali’s military government introduced a mining code allowing the state to take up to a 35% stake in mining operations.
- Mali also has large deposits of lithium, uranium, phosphates, iron ore, manganese, and diamonds.
- Much of Mali’s mineral wealth is still undeveloped due to security problems, especially in northern regions.
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