During the second quarter of 2023, Mali imported $5.2 million of explosives and pyrotechnics. With a growing need for these materials in its mining sector, the country seeks to enhance its role in the production process.
Mali could soon have its first civil explosives plant. The African country has partnered with the Chinese Norinco Group, through its subsidiary Auxin Chemical Technology Ltd, to this end. The news was disclosed on November 16, 2024, by the national channel ORTM.
The new production unit aims to give the Malian government better control over explosives for mining and quarrying. Under the agreement with Norinco, Mali will own 51% of the plant, while Norinco will hold 49%. According to Mali's Minister of Economy and Finance, Alassane Sanou, the Chinese company fully finances the project, in addition to providing its expertise.
Mali is the top gold producer in the West African Economic and Monetary Union (WAEMU) zone and has rich mineral resources like manganese, iron, and lithium. Mining these resources typically requires industrial explosives, which Mali currently imports. Data from Mali's National Institute of Statistics shows that the country imported CFA3.280 billion ($5.28 million) of explosives in the second quarter of 2023. The following quarter, the figure rose to CFA2.641 billion.
The project with Norinco thus aims to promote local content in mining by integrating local labor and expertise into the production chain. It aligns with the goals of the Alliance of Sahel States (AES) to gain better control over the value chain of their mineral resources for greater economic and social benefits.
Mali's Minister of Mines, Amadou Keïta, stated, “With a civil explosives production company, we are creating jobs and adding value to our economy.”
The project is expected to take 12 months to complete, though the funding amount has not been disclosed.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
CEMAC non-performing loans fall to 16.0% in 2025, BEAC says Lending rises 10.7% despite tighter liquidity and higher borrowing costs Growth,...
Investec secures $200 million IFC loan for green housing finance Funds to support eco-buildings, affordable green home loans in South...
For many telecom groups, Africa remains a largely untapped market, particularly given the significant number of people who are still unconnected....
Ramaphosa launches TRC housing reparations program for apartheid victims 220 beneficiaries receive 40 million rand for housing...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...