Mali’s mining sector is dominated by gold production, the country is Africa’s third largest producer of gold. In 2013 gold exports accounted for about 75% of export earnings and approximately 7.6% of GDP according to the IMF.
Other minerals produced include bauxite, iron ore, diamond, limestone, manganese, nickel, petroleum, phosphates, tin and uranium.
Mali’s mining sector continues to grow despite political volatility in recent years. According to its 2012 report, the country is intensifying exploration activies for oil and gas.
Mali could also provide a strategic transport route for oil and gas exports. There is the possibility of connecting the Taoudeni basin to the European market through Algeria.
Preparatory work aimed at the publication of the 2013 report is on-going.
Mali published its 2012 report, its sixth report and the first under the requirements of the new EITI Standard, in December 2014. In 2013, amidst a difficult political situation, Mali published its report covering the year 2011.