Morocco's Role in Mali's Mining Sector Takes Center Stage
The mining sector, a cornerstone of Mali's economy contributing approximately 10% to its GDP, has captured the attention of investors from around the globe. This was vividly showcased during the 6th edition of the Golden Days in Bamako, held from May 7 to 9, 2026, at the International Conference Center. With over 70 exhibitors participating, this year's event marked a record attendance, highlighting the growing significance of this annual gathering in the mining sector.
During the event, critical discussions focused on forging tangible partnerships, securing financing, and creating employment opportunities for the youth, who are in dire need of stable and well-paying jobs. Mali's rich mineral resources hold the promise of meeting these aspirations. In 2024, the mining sector generated substantial revenue for the Malian treasury, amounting to approximately 835.1 billion CFA francs (around 1.4 billion USD), reflecting a remarkable 52.5% increase from previous years. This growth can be attributed to the implementation of a new mining code, which has reignited interest in gold mining for the Malians.
Despite its vast potential, Mali's mining resources remain significantly underutilized, attracting a diverse array of investors, as evidenced by the increase in exhibitors at this year's Golden Days compared to the previous edition, which saw only 57 participants. "This growth underscores the event's rising appeal and the opportunities it presents for local stakeholders. The Golden Days serve not just as a platform for discussions but as a catalyst for action," explained Mohamed Coulibaly, the event's promoter.
Strengthening Bilateral Ties Between Morocco and Mali
Highlighting Morocco's pivotal role, the country was invited as the guest of honor at this year’s event, leveraging the expertise of the National Office of Hydrocarbons and Mines (ONHYM). Khalid Amrouch, a representative from ONHYM, emphasized that "our participation in the 2026 Golden Days reflects the strong ties between Morocco and Mali, founded on a framework of concrete and mutually beneficial cooperation. The office aims to share its extensive experience with companies from various sectors. Mali boasts exceptional geological potential."
Furthermore, Mali's Minister of Mines, Pr Amadou Keïta, praised the South-South cooperation, stating that "the collaboration between Morocco and Mali represents a major strategic axis, creating unique opportunities for infrastructure development, technology transfer, and capacity building." He also discussed the establishment of a special mining brigade tasked with securing mining sites and combating fraud and illegal exploitation, demonstrating the Malian government’s commitment to protecting its resources and upholding the rule of law.
This burgeoning interest was further illustrated in August 2023, when President Assimi Goita promulgated a new mining code just twenty days after its unanimous adoption by Parliament. The new legislation allows Bamako to hold up to a 30% stake in new mining projects, an increase from the previous 20% stipulated in the 2019 code. This progressive move is expected to enhance Mali's attractiveness to investors and foster further development in the mining sector.
As reported by afrique.le360.ma.
