Mali’s mining sector is experiencing a surge in investment, driven by the country’s 2023 Mining Code, which has secured new deals and increased state revenue since its adoption. As a result, Mali is projected to generate $1.2 billion in tax revenue from mining operations in the first quarter of 2025, with several project launches expected in the short to medium term. The upcoming African Mining Week will showcase these regulatory reforms and investment prospects alongside those of other key African mining markets, bringing together government authorities and international investors.
As Africa’s second-largest gold producer and an emerging lithium supplier, Mali continues to strengthen partnerships with global investors while expanding exploration projects. In February 2025, Canadian mining firm Barrick Gold signed an agreement to restart and expand the Loulo-Gounkoto Gold Mine, reinforcing its long-term commitment to the country. Meanwhile, UK-based Kodal Minerals announced plans in January to make its first lithium shipment to China from the Bougouni Lithium Mine by March 2025, marking a significant milestone in Mali’s growing role in the global lithium supply chain.
Mali’s mining industry is also witnessing increased capital inflows from other major players. B2Gold has committed $234 million toward the expansion of the Fekola Mine, with gold production targets set for mid-year. In addition to this investment, the company has allocated an extra $9 million for exploration activities in the country. Hummingbird Resources is expanding operations at the Yanfolila Gold Project, with additional investments planned for the Komana Exploration License, further accelerating activity in Mali’s gold sector. Last month, Canadian miner Robex also announced plans to ramp up its investment in the Nampala Gold Project, reinforcing the country’s attractiveness as a mining investment destination. Meanwhile, China’s Ganfeng Lithium has successfully achieved the first commercial lithium production at the Goulamina Spodumene Project, following an expedited project development phase.
Against the backdrop of these industry developments, African Mining Week will explore the regulatory shifts shaping Africa’s mining landscape, examining their influence on investment flows and highlighting emerging opportunities for global financiers and industry leaders. The event serves as a premier platform for discussing the full spectrum of mining opportunities across Africa.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
