Mali has inaugurated a major new lithium mine in the Bougouni region, marking a significant expansion in the country’s fast-growing mining sector. The project represents an important step toward positioning the nation as a competitive player in Africa’s critical minerals market.

The mine, operated jointly by Kodal Mining and China’s Hainan Mining, is expected to produce 120,000 tons of spodumene concentrate annually. With an investment of 36 billion CFA francs, the project underscores strong international interest in Mali’s mineral potential.

Authorities see the project as a strategic driver of economic growth, providing jobs, attracting investment, and enhancing Mali’s role in the global energy transition. As demand for lithium surges, the Bougouni site offers the country a crucial opportunity to expand revenue streams.

Through this initiative, the Malian government aims not only to strengthen national production capacity but also to establish Mali as one of Africa’s leading lithium producers in the years ahead.