Tag Archives: Bamako
Following the news of several new discoveries which have tripled the estimates of the nation’s Bauxite reserves, the mining prospects of Mali is poised for massive growth. The country is already a leading Gold producer being the third leading producer of gold in Sub-Saharan Africa and the output is estimated rise with mining giants such as Hummingbird Resources (Yanifolila Gold Project) and B2Gold (Fekola Gold Project) starting production there.
Mali is the third largest gold producer in Africa and gold mining has become a mainstay of the economy with a high potential of funding economic development and poverty reduction. With the country’s improving governmental policies encouraging a more sustainable transparent and diversified mining sector, Mali has become a hotspot for foreign investment and major extractive companies focusing on other minerals in the country as well such as uranium, bauxite, iron, manganese and phosphates.