Mali is teaming up with Russia’s Yadran to build a state-controlled gold refinery, aiming to end its dependence on raw gold exports and keep more profits at home. The new venture, SOROMA-SA, will be 62% owned by the Malian government and is expected to process up to 200 metric tons annually—four times the country’s current capacity. Yadran will own the remaining 38%. The refinery, set to be built near the airport in Bamako, is part of broader mining reforms that require local gold processing and boost the state’s stakes in mining companies. Given that Mali’s existing refineries lack international certification, Yadran’s involvement will help the country secure certification, potentially opening doors to global markets.
Mining Weekly
