Mali: Soon to start operations at the country’s first Lithium mine
The first lithium mine in Mali will begin production next August with the Chinese company « Ganfeng Lithium » for a duration of 21 years, with Leo Lithium holding 40% of the shares. According to the terms of the agreement signed between the Malian government and the operating company, 35% of the revenue will go to the Malian state, amounting to more than 100 billion that will be deposited into the state coffers annually.
« The lithium will soon shine for all Malians », announced the Minister of Mines, Amadou Keita. According to the Minister of Economy and Finance, this will allow the Malian state to generate at least 100 billion CFA francs annually for the budget when the mine reaches the cruising phase and generates an annual turnover of around 750 billion CFA francs. The project’s lifespan is estimated at 21 years. During this period, the country could benefit from around 2.500 billion CFA francs, Minister Sanou rejoices.
Additionally, the country will receive between 22 and 25 billion each year due to local content, which will enable the country to carry out road and energy infrastructure projects to strengthen local development. Malian companies established in the sector will have a turnover of 250 billion, said Minister Alousséni Sanou. For him, 51% of subcontractors will be held by local companies.
The economic benefits will not be limited to these direct revenues. The exploitation of the lithium mine will create local jobs in Mali, thus stimulating the regional and national economy. Direct jobs in the mine, as well as indirect opportunities in the service and industry sectors, will contribute to reducing unemployment and improving the living standards of surrounding communities.
As a reminder, lithium, an essential component of rechargeable batteries used in electric vehicles and electronic devices, is increasingly in demand worldwide.
