Mali’s military government said it has signed an agreement with Russia to build a gold refinery in the capital Bamako, one of a slew of deals between the two countries as Russia seeks to extend its regional influence.
The accord, a non-binding memorandum of understanding, involves building a 200-tonnes-per-year refinery, minister Alousséni Sanou said in an interview on state television.
The memorandum is valid for four years, he said, without giving a timeline for construction. If built, it would be the West African country’s largest gold refinery.
“This will allow us not only to control all gold production but also to be able to correctly apply all taxes and duties,” Sanou said.
The deal is the latest sign of Russia’s deepening interests in Mali, one of Africa’s largest gold producers, just as Western influence there wanes.
Russia’s state nuclear energy company Rosatom signed an deal with Mali in October to explore for minerals and produce nuclear energy. Sanou said he had also signed a deal with a Russian firm to build a 200- to 300-megawatt solar power plant by mid-2025.
