Global nickel production to decline 7.4% this year (GlobalData)

According to GlobalData, global nickel production will decline in 2020 by 7.4%. In question, the decision of Indonesia to ban this year the exports of raw ore, associated with the restrictions due to the Covid-19 pandemic in the Philippines in particular.
Global nickel production will decline 7.4% this year to 2.19 million tonnes. According to a report by GlobalData published this week, this drop will be the consequence of the ban on the export of raw ore decided at the beginning of the year by Indonesia, the world's largest producer, even though the Covid-19 pandemic has contributed to make the situation worse.

“Indonesian nickel mining companies without an integrated crude smelting system have found it difficult to sell their output to national smelters […]. As a result, domestic miners have either stopped or reduced production in the first three quarters and this is expected to continue until the end of the year, ”says Vinneth Bajaj, senior analyst at GlobalData, who th…

Mali exported 65.6 tonnes of gold in 2019

According to the National Institute of Statistics, Mali exported 65.6 tons of gold in 2019, which represents an increase of 6.5% compared to 2018. This confirms the record production recorded last year, although a drop in performance is expected this year. 

Mali exported 65.6 tonnes of gold in 2019

Mali's gold exports increased 6.5 percent year-on-year in 2019 to reach 65.6 tonnes. This is what emerges from the foreign trade figures released on October 3 by the National Institute of Statistics. The organization, relayed by Reuters, specifies that the two main destinations for Malian production are Switzerland and South Africa.

It should be noted that it was the 7% increase in industrial production last year that was reflected in this increase in exports with nevertheless a contribution of around 540 kg from the artisanal sector. Moreover, even if the Covid-19 pandemic and the recent coup d'├ętat have not really disrupted mining operations, we can expect a drop in production and by extension exports in 2020. In question, the poor performance expected from several mines such as Sadiola or Morila. 

As a reminder, gold is Mali's first and main source of export earnings and represented 9.7% of GDP in 2019. Companies present in the country include Resolute, Barrick Gold, B2Gold and AngloGold Ashanti.