Ganfeng Lithium has initiated production at the Goulamina lithium mine in Mali after overcoming strict regulations and security challenges. The first phase aims for an annual output of 506,000 tonnes of lithium, which will expand in the subsequent phase. Both Mali’s President and the Chinese ambassador emphasized the importance of this project for economic development and international cooperation.
Ganfeng Lithium, China’s leading lithium producer, has successfully commenced the first phase of production at its Goulamina lithium mine in Mali, despite facing numerous challenges such as a stringent new mining code and security issues. The project, located in the Bougouni region, has an initial capacity of 506,000 tonnes of lithium annually, expected to increase to 1 million tonnes in subsequent phases. This mine is recognized as one of the largest lithium deposits globally, projected to yield 15.6 million tonnes of spodumene concentrate over an exploration period exceeding 23 years. Mali’s transitional President Assimi Goita emphasized the critical importance of this collaboration, stating that it represents a significant advancement in the utilization of the nation’s natural resources. Chinese Ambassador to Mali Chen Zhihong highlighted the Goulamina mine as a testament to successful cooperative efforts between China and Mali.
The Goulamina lithium mine emerged as a pivotal player in the global lithium market, particularly for its significance in the production of batteries utilized in electric vehicles and electronics. As countries worldwide transition towards renewable energy technologies, lithium’s role has become crucial. Ganfeng’s decision to invest in Mali reflects the broader trend of countries tapping into lithium-rich sites to secure their supply chains while navigating local regulatory frameworks and geopolitical dynamics.
The successful launch of the Goulamina lithium mine marks a landmark achievement for Ganfeng Lithium amidst a challenging environment, and highlights the strategic partnership between China and Mali. With significant production capabilities and an extensive lifespan for the mine, this project not only promises to bolster Mali’s economy but also underscores the critical role of lithium in the global energy transition.
Original Source: www.scmp.com
