Guard killed in attack at Kodal’s Mali lithium mine

Guard killed in armed attack at Kodal’s Mali lithium mineSome members of the mining team at Bougouni (Image courtesy of Kodal Minerals.)

Kodal Minerals (LSE: KOD) confirmed on Tuesday that a security guard was killed in an attack on its Bougouni lithium mine in southern Mali on Aug. 22.

Assailants on motorcycles had targeted the site but were repelled after military forces stationed at the mine engaged them, the company said. The attackers fled, but one guard employed by Kodal’s security contractor died at the scene. No other staff or contractors were harmed.

Kodal is working closely with the Malian government to reinforce protection for employees and contractors, the miner said. Military security around the site has since been increased.

Operations at Bougouni remain unaffected. The mine, which began production in February, has an agreement to sell its entire output to China’s Hainan Mining. The incident hasn’t impacted mining and processing activities at Bougouni.

Located 170 km south of Bamako, Bougouni is targeting production of 11,000 tonnes of spodumene concentrate per month. It is set to become Mali’s second operating lithium project, following Ganfeng Lithium’s Goulamina mine, which opened in late 2024.

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