Foreign gold miners continue Mali operations and boost security amid escalating conflict
Updated
Updated · Business Insider Africa · May 1
Foreign gold miners continue Mali operations and boost security amid escalating conflict
9 articles · Updated · Business Insider Africa · May 1
Resolute said its Syama mine remains fully operational, while Zijin and Ganfeng Lithium reported armed protection or distance from affected areas; Barrick expects 260,000-290,000 ounces from Loulo-Gounkoto in 2026.
The violence includes attacks by jihadists and Tuareg separatists, the killing of Defence Minister Sadio Camara in Kati and strikes on Bamako airport, raising concerns over supply routes and investor confidence.
Mali's military-led government is tightening mining control under a 2023 code, while industrial gold output fell 32% year on year in 2025 even as Eagle Eye and Toubani advanced new projects.
As Mali’s security collapses, who will ultimately control its vast mineral wealth?
With Russian forces retreating, is Mali's resource-for-security model now broken?
Will the new jihadist-separatist alliance redraw the political map of West Africa?