Mali Carbon Battery Factory

Which Chinese companies are buying a 50 percent stake in Mali?

(Yicai Global) June 15 -- China’s Ganfeng Lithium, which counts Tesla and LG Chem as some of its clients, intends to invest USD130 million to buy a 50 percent stake in an electric car battery raw material project in Mali as its third acquisition over the past two months.

When will Bougouni project start production in Mali?

Updated ESIA for Bougouni Project Phase 1 DMS approved by Mali’s Department of the Environment in February; negotiations with local community groups on land compensation also progressing well. Bougouni Project on track to commence production in Q4 ’24 following the achievement of key milestones in Q1 ’24.

What is happening at Bougouni Lithium Project?

The Mali Minister for Environment visited the Bougouni Lithium Project and endorsed the Company’s development programme and development of the DMS processing site. All weather access roads to the Ngoualana open pit and DMS processing site are complete.

How did KMUK manage Bougouni Lithium Project?

KMUK Management team established and completed review of project development plan, confirming US$65 million capital expenditure estimate for Bougouni Lithium Project Stage 1 (using a dense media separation (“DMS”) approach). Long lead items of DMS units and dual stream crushing modules ordered and work commenced on build of items.

Who is auxin mining services Mali SARL?

Auxin Mining Services Mali SARL is a subsidiary of Beijing Auxin Chemical Technology Ltd, which is in turn, a subsidiary controlled by China North Industries Corporation (NORINCO). Auxin is active in West Africa in the areas of explosives manufacture and distribution, and contract mining services.