It cannot be said enough: Mali has enormous mining potential. However, its exploitation is exclusively in the hands of foreign multinationals. This benefits neither the state nor the population well. With the implementation of the new mining code, the situation is changing. Indeed, the new mining code, which applies only to new operations, gives the state a significant role in controlling its mineral resources.In the resolution of a dispute with Firefinch, Leo Lithium, and Chinese Ganfeng Lithium, the Malian state repurchased the Morila mine and obtained a 30% interest in the first lithium mine. Repurchase of the Morila Gold Mine2024 Economic Ranking of the 14 CFA Zone Countries
Repurchased Morila & obtained a 30% interest in the first lithium mine....... also having said mine fully constructed & commissioned.
All without contributing a single dollar.
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