Foreign Miners Maintain Operations in Mali Amidst Conflict Surge. Bamako, Mali – Amidst the surge in violence in Mali, foreign mining operations are persisting, driven by high global gold prices and the promise of rich mineral deposits. Despite the escalating tensions, several mining companies, particularly Chinese firms, are steadfast in their presence.
The southern regions of Mali, particularly Kayes, have remained relatively insulated from the conflict, allowing mining operations, such as Resolute Mining’s Syama mine, to operate at full capacity.
The Syama mine has reported no impact on staff safety, logistics, or output, largely due to its location in an area less affected by the turmoil.
The Malian government’s introduction of a stricter mining code in August 2023, increasing state and local ownership in projects, has added another layer of complexity for investors. These reforms have led to a 32% year-on-year decline in industrial gold production in 2025, equivalent to a loss of 26. 2 tonnes by August.
Despite the security risks and regulatory changes, investment activity continues across Mali’s mining sector. Singapore-based Eagle Eye Asset Holdings signed a $120 million agreement with Cora Gold to support the Sanankoro project in southern Mali, while Australia-listed Toubani Resources has begun construction of its $216 million Kobada project. Canada’s Barrick Gold expects to produce between 260,000 and 290,000 ounces in 2026 from its Loulo-Gounkoto mine.
The allure of Mali’s mineral wealth is strong, with the country being one of Africa’s biggest producers of gold. Mali also has significant deposits of lithium, uranium, and copper, making it strategically important in global commodity markets.
However, the situation is not without risks.
The recent attacks, including the assassination of the Defence Minister, have heightened concerns about the safety of personnel and assets.
In response, some mining companies are turning to self — funded armed security to protect their interests.
In conclusion, despite the ongoing conflict and security challenges, foreign gold mining operations in Mali are holding firm.
The allure of the country’s rich mineral deposits, combined with high global gold prices, continues to drive investment.
The Malian government’s efforts to control the mining sector and increase state revenue are also contributing to the persistence of mining activities.
As the situation evolves, the balance between economic interests and security concerns will remain a key issue for all stakeholders involved.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Olamilekan Okebiorun
