
Mali's Gold Sector Faces Steep Decline Amidst Government Disputes
Mali's industrial gold production experienced a dramatic 23% decline in 2024, falling to 51 metric tons from 66.5 tons the previous year, according to a report from the country's mines ministry. For more information, see the full report here.
This West African nation, renowned as one of Africa's top gold producers, hosts industrial mining operations by prominent international companies such as Barrick Gold, B2Gold Corp, Resolute Mining, and Hummingbird Resources. However, the recent production figures do not account for Barrick Gold's output in December due to an ongoing dispute with Mali's military-led government over a 2023 mining law.
Barrick Gold's operations at the Loulo-Gounkoto complex were suspended last month after authorities seized its gold reserves by helicopter. This move followed the detention of four Barrick employees since November, accused of money laundering and financing terrorism, allegations the company strongly refutes.
The Malian government alleges that several mining companies, including Barrick Gold, have failed to fulfill their tax obligations adequately. According to the ministry document, Mali's gold output fell below 60 tons for the first time in over three years. If Barrick had met its December forecast of 1.7 tons, the total would stand at 52.7 tons, based on the ministry's monthly estimates.
Despite the production plunge, Barrick Gold remains Mali's largest gold producer, with an annual output of 19.4 tons in 2024, excluding December figures. This is followed by B2Gold with 13.7 tons, and Resolute Mining with 7.2 tons. Additionally, artisanal mines are expected to contribute approximately 6 tons, bringing Mali's total gold production for 2024 to an estimated 58.7 tons, as per the ministry's projections.
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1. INTRODUCTION
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- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
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4. MOST PROMISING PRODUCT
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5. MOST PROMISING SUPPLYING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
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7. GLOBAL PRODUCTION
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The Largest Importers on The Market and How They Succeed
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The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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11. COUNTRY PROFILES
The Largest Markets And Their Profiles
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- China
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- Germany
- United Kingdom
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- Italy
- Russian Federation
- India
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- Mexico
- Indonesia
- Netherlands
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- Nigeria
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024