Mali inks significant deal with Russia for gold refinery project in Bamako | ANG
  • May 30, 2024

Sports:Mbappe is fit Ahead of Euros,Head coach clears concern

France head coach Didier Deschamps shrugged off any concerns from the French media over Kylian Mbappe’s fitness ahead of Euro 2024, and any distraction his captain’s expected move to Real Madrid …

Tinubu marks one year in office as Nigerians continue to bear brunt of the economy

One year on since Bola Tinubu became Nigeria’s President, many people feel that his promise of “renewed hope” remains largely unfulfilled. Tinubu assumed office with a big promise of new hope …

Yemen Houthi rebels claim to have downed US drone

Houthi rebels on Wednesday claimed to have downed a US MQ-9 Reaper drone with a surface-to-air missile in Yemen’s central Marib province. “The air defence force of the Yemeni Armed Forces, …

Mali’s military government has officially entered into an agreement with Russia, unveiling plans for a state-of-the-art gold refinery project to be established in the Malian capital, Bamako. The deal, which spans four years, includes the construction of a refinery capable of processing a substantial 200 tonnes of gold annually.

Gold stands as Mali’s primary export product by value and plays a pivotal role in contributing to the country’s economic growth, as emphasized by the mining ministry. The agreement, while not specifying exact construction timelines, signals a strategic initiative to fortify Mali’s control over its gold production.

Finance Minister Alousséni Sanou expressed optimism about the project’s implications, stating that it would empower Mali to oversee and regulate all aspects of gold production within the country. This, he believes, will enable the government to meticulously apply taxes and duties, ensuring a streamlined and transparent revenue collection process.

The move comes at a crucial juncture for Mali, as the nation has sought to enhance its global partnerships, particularly in the aftermath of the military coup in 2021 and the subsequent withdrawal of French forces in 2022.

Leave a Reply

Your email address will not be published. Required fields are marked *