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...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Algeria’s upper house approved a law classifying French colonial rule (1830–1962) as a crime. Authorities framed the legislation as a legal and...
Zimbabwe and Zambia signed an MoU for a 311 km rail link to support mining exports. The project could reduce transport distances to Beira port by...
Funding would modernize signaling on Tema–Mpakadan line Upgrade aims to allow simultaneous train movements Project tied to broader push to...
Morocco selected under $226 million USDA program for 2026 Initiative blends farm support with expansion of U.S. exports Could back...
Nosy Iranja is one of the most iconic island destinations in northwestern Madagascar, lying in the Mozambique Channel about an hour and a half by boat...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...