Mali's Gold Power Play: Allies With Xi, Snubs West | Firstpost Africa | Subscribe to Firstpost |N18G

Mali has secured a 51% controlling stake in a China-backed industrial explosives joint venture, reshaping its mining economy. This deal is vital for the gold supply chain, with explosives being essential for extraction. Previously reliant on foreign suppliers, Mali's new partnership allows for enhanced control over mining operations and potential elimination of import dependencies. The construction of the Faratchi-Co facility aims to support all thirty of Mali’s mines, while reflecting a broader trend in the Sahel region where states are demanding greater ownership and oversight of their resources.

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