Mali’s Goulamina lithium project gets govt backing
The Malian government has backed a joint venture (JV) transaction between ASX-listed Firefinch and lithium developer Jiangxi Ganfeng Lithium Co over the Goulamina lithium project.
Earlier this year, the two companies struck an agreement under which Ganfeng will make a $130-million cash investment in return for a 50% interest in the project vehicle and also secure up to $64-million in debt funding to bring the Goulamina project into production.
“The Goulamina transaction will materialise the development of the first producing spodumene concentrate operation in West Africa, and on Malian territory. It will allow Mali to attract new investments focused on metals used for the manufacture of batteries and the field of renewable energies. In addition, as part of the transaction, there is a focus on the creation of local jobs, the establishment of local infrastructure and the rapid monitoring of community engagement plans to meet the needs of local communities, which also aligns with the Malian Mining Code in terms of local content,” Mali Minister of Mines, Energy and Water Lamine Seydou Traore said.
Firefinch MD Dr Michael Anderson said that the support of the Malian government and the local community were key to the success of the Goulamina project.
Goulamina will be the next large-scale hard rock project to enter production, and the first of its kind in West Africa, with production targeted for 2023.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation