in Short
Mali: The state secures 35% in first Lithium mine
Mali takes a decisive step by securing a 35% stake in its first lithium mine in Goulamina, up from 20% previously. The British company Kodal Minerals holds 65% of the shares and plans an investment of $117.5 million. This project, expected to generate up to 25 billion CFA francs annually for local development, is part of Mali’s new mining strategy to better leverage its resources and support local businesses.
Tags: #Mali #Lithium #NaturalResources #Economy #Development