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Originally published by Capital Business
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business
June 17, 2025
2mo ago

Mali begins building Russian-backed gold refinery

Mali begins building Russian-backed gold refinery

JUNE 17 - Mali's military junta has started building a gold refinery in partnership with a Russian conglomerate, the Yadran Group. The project would Kenya breaking news | Kenya news today |..

✨ Key Highlights

Mali has commenced the construction of a gold refinery in partnership with the Russian Yadran Group, marking a significant step in asserting its economic sovereignty.

  • The refinery will have a capacity of 200 tonnes and is located near Bamako.
  • Gen Assimi Goïta, the military leader, emphasized the refinery as a realization of a long-awaited dream for the Malian people.
  • This project aligns with Mali's shift towards strengthening ties with Russia while diminishing relations with Western nations, as evidenced by the state control over the gold mine run by Barrick.

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Mali begins building Russian-backed gold refinery