RE: Cape Town holiday3 Feb 2026 08:31
Has Hainan invested funds into KOD for its Mali lithium mine project?
Yes — Hainan (through its mining arm and related investment vehicles) has provided significant funds into Kodal Minerals (KOD) for the development of the Bougouni lithium mine in Mali:
🧾 Major Investment Details
In **January 2023 Kodal Minerals agreed a major funding transaction worth approximately US$117.75 million with Hainan Mining Co. Ltd (a subsidiary of Chinese conglomerate Fosun International) and its UK subsidiary, Xinmao Investment. This transaction was completed in November 2023.
US$100 million was invested into Kodal’s UK subsidiary, Kodal Mining UK Limited (KMUK), which owns a controlling interest in the Bougouni project.
US$17.75 million was subscribed as equity directly into Kodal Minerals Plc.
As a result of this funding:
Hainan Mining gained a significant interest — roughly 14.7% equity in Kodal Minerals and 51% ownership of KMUK, which holds the operating rights to the Bougouni lithium project.
🪙 Additional Funding Support
In 2025, Hainan (via its Xinmao subsidiary) also provided a **loan facility of up to US$15 million to support ramp-up costs and other project obligations at Bougouni.
📌 Conclusion
So yes — Hainan has invested substantial funds into Kodal (KOD) and its Mali lithium project through direct equity and subsidiary investment structures, effectively funding development and initial production phases.
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