golden triumph oil production line in mali

                                               
                                               
                                               
                                               
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  • What is industrial gold mining in Mali?
  • Industrial gold mining in Mali is primarily done by foreign investors and companies. Aglogold Ashanti, Rangold, and IAMGold are the three primary mining companies extracting gold. There are other much smaller companies that are involved as well, many of these are Canadian and Australian organizations.
  • Why did Mali start mining gold?
  • Following the country’s independence and during the Cold War, industrial gold production in Mali gained steam. The regimes of Moussa Traoré and Modibo Këita, the first two presidents for Mali, were both allies with the Soviet Union, so the first industrial gold mining in the country was primarily a pursuit of the Soviet Union.
  • How much gold does Mali produce a year?
  • With an estimated 6 tonnes produced in artisanal mines, Mali’s total gold production last year was 72.2 tonnes, Sidibe said, compared with 69.4 tonnes in 2021. (By Tiemoko Diallo; Editing by Sofia Christensen and Kirsten Donovan)
  • Why is gold important in Mali?
  • In terms of economic output, gold has grown in importance. From 1984 to 2008, mining accelerated and became a pivotal piece of Mali’s economy, increasing from 1.5% of GDP to 8%, leading Mali to become the third largest producer of gold in Africa. Between 1995 and 2000 alone, the production of gold in the country more than doubled.