Mali inaugurated its second lithium mine on Monday, marking a key milestone in the country’s strategy to strengthen economic sovereignty and harness its mineral wealth for national development.

The official ceremony, held in Bougouni, was presided over by transitional President Assimi Goïta and attended by government ministers, traditional leaders, foreign partners, and representatives of civil society.

Operated by Les Mines de Lithium de Bougouni SA (LMLB SA), the site is the result of a partnership between Kodal Mining UK, Hainan Mining Co. Ltd, and the Malian state.

“This project brings not only jobs and roads, but also pride in being part of a new Mali,” said the village chief of Bougouni, N’Togo Diakité. He expressed hope that the mine would be a blessing for future generations.

With an initial investment of $65 million, the Bougouni mine is expected to produce around 120,000 metric tons of spodumene concentrate annually.

Combined with output from the Goulamina mine, Mali could reach 590,000 tons by 2026, positioning the country as Africa’s leading lithium producer.

“This is the third major visit by the Head of State to the region within a year,” said the Minister of Mines, referencing recent projects including a solar plant and the Goulamina mine. “It reflects a leadership focused on development and national prosperity.”

The project has already created 500 local jobs and will add 800 more in its next phase.

Officials emphasized the government’s commitment to local content, environmental protection, and mining sector reform, highlighting the recent cancellation of over 120 mining titles to clean up the industry.

Teng David Lei, chairman of Kodal Mining and CEO of Hainan Mining, praised the trilateral cooperation among Mali, China, and the U.K., calling it a “balanced partnership” for sustainable growth.

The mine is also expected to contribute to Mali’s public finances through taxes, dividends, and support to local development and infrastructure funds.

BOUGOUNI, Mali – Bantu Gazette