Gold miners set to stay in Mali despite insurgency, industry sources say
Despite a recent surge in insurgent attacks that killed Mali's Defence Minister and disrupted key infrastructure, international mining companies are expected to maintain operations in the country due to high gold prices and rich mineral deposits. Mining activity remains concentrated in the relatively stable south, and firms are weighing the risks against strong potential returns. Some Western companies have scaled back, while Chinese firms are increasingly stepping in to acquire assets. The Malian government claims the security situation is under control, though supply routes and foreign-linked assets remain vulnerable.
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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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