Mali Rock Drill Russian Office

Why is Mali building a new gold refinery backed by Russia?

Mali has begun building a new gold refinery backed by Russia, a move its military-led government says will help the country gain greater control over its natural resources. The newly formed refinery will be 62% owned by the Malian government, with Russian firm Yadran holding the remaining 38% stake.

Will Mali refinery become a regional hub for gold processing?

Mali’s revised code will soon require all gold mined domestically to be refined within its borders. At the inauguration of the mine's construction, Yadran President Irek Salikhov said the refinery could become a regional hub for processing gold from neighbouring nations too.

Could mali'refine all the gold mined on its soil'?

The plant would enable Mali to "refine all the gold mined on its soil, ending decades of crude export to foreign refineries", he added. Mali is Africa's second-biggest producer of gold, but many of its people remain poor 65 years after independence. Go to BBCAfrica.com for more news from the African continent.

Is Mali under gold sanctions?

Mali is not under gold sanctions, creating a loophole. 2. Control Over the Malian Junta Russia has become the main security provider in Mali via Wagner (now under the Africa Corps label, Russia’s MoD).

Why is Barrick's Gold Mine under provisional administration?

On Monday, a Malian court ordered that Barrick’s flagship gold mine – Africa’s largest by output – be placed under provisional administration for six months amid an escalating tax dispute.