Mali exported a record 70.2 t gold in 2015

Mali exported a record 70.2 t ofgold in 2015, up from 53.2 t the previous year, due to higher production by small-scale artisanal miners, the national statistics institute said on Saturday.

 

Mali is the third biggest gold producer in Africa behind South Africa and Ghana. Production in 2015 was valued at $2.2-billion and of the total exported 46.5 t was mined byindustrial producers, up 0.7 t on the previous year.

The other 23.7 t was mined by artisanal producers, up 16.3 t on the previous year. Artisanal exports have risen in recent years.

"These figures show that small-scale mining is on the move. It's a dynamic sector that could produce almost as much as the mining companies. That's why authorities need to organise the sector," said former miner Abdoulaye Pona, who is now the president of the Chamber of Mines.

The record is significant for Mali, whose economy has been hurt by political instability in the north and attacks by militant from al Qaeda in the Islamic Maghreb. Mali is one of the world's poorest States and is vulnerable to climate change.

The West African country has more than 350 sites for small-scale mining and more than one-million people are involved in the industry, according to the mines ministry.


Source: Reuters