Mali gold refinery: Military ruler Gen Assimi Goïta hails construction as assertion of 'economic sovereignty'
Western firms have since been facing a tough time - the latest example being Mali's decision to put a huge gold mine, run by Canadian giant Barrick, into administration, effectively bringing it under state control. On Monday, Gen Goïta - along with Yadran Group head Irek Salikhov - attended a ceremony for the construction of the refinery, which will have a 200-tonne capacity, in Senou, not far from the capital, Bamako.Mali would having a majority stake in the refinery, and Yadran Group a minority share.Mr Salikhov hailed the plant as a "win-win" for both nations, saying the aim was to turn the refinery into "a regional centre for processing gold extracted not only in Mali, but also in neighbouring countries like Burkina Faso".No date has been announced for its completion, but Gen Goita said: "It's a long-awaited dream of the Malian people, and today it's becoming a reality." The plant would enable Mali to "refine all the gold mined on its soil, ending decades of crude export to foreign refineries", he added.Mali is Africa's second-biggest producer of gold, but many of its people remain poor 65 years after independence.
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