---
title: "Hainan Mining's Lithium Reserve Increase Faces Public Doubt from Joint Venture Partner; Company Responds No Such Issue Exists, Currently Communicating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282837866.md"
description: "In its 2025 annual report, Hainan Mining disclosed a resource increase of 15.47 million tons for the Bougouni lithium mine in Mali, compliant with JORC standards. However, joint venture partner Codex Mining questioned the data, claiming it lacked independent audit. Hainan Mining responded that no such issue exists and is currently communicating with the partner. Additionally, KMUK has initiated arbitration proceedings against the Malian government for $15 million in compensation"
datetime: "2026-04-15T11:46:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282837866.md)
  - [en](https://longbridge.com/en/news/282837866.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282837866.md)
generator: "portal-rs"
---

# Hainan Mining's Lithium Reserve Increase Faces Public Doubt from Joint Venture Partner; Company Responds No Such Issue Exists, Currently Communicating

In its 2025 annual report and performance meeting, Hainan Mining disclosed a significant increase of 15.47 million tons in resources at the Bougouni lithium mine in Mali, marked as compliant with JORC standards. However, this was refuted by another shareholder of the project, Codex Mining, which claimed the data were merely internal estimates without independent audit or compliance verification. Hainan Mining responded that no such issue exists, stated it had already communicated with the counterpart, and pledged to synchronize information disclosure as much as possible in the future. Additionally, KMUK has initiated arbitration proceedings against the Malian government for $15 million in compensation claims. (Everyday Network)

### Related Stocks

- [601969.CN](https://longbridge.com/en/quote/601969.CN.md)

## Related News & Research

- [Greenland Mines Ltd trading halted, news pending](https://longbridge.com/en/news/296671630.md)
- [Barrick Mining (TSX:ABX) After Earnings Growth And Newmont Deal Still Looks Slightly Undervalued](https://longbridge.com/en/news/296529222.md)
- [Negative Link Announces Global Expansion and Next Phase of Growth](https://longbridge.com/en/news/296644416.md)
- [Rahman Hydraulic Tin Sdn Bhd To Temporarily Suspend Mining Operations](https://longbridge.com/en/news/296213949.md)
- [Turning Point USA announces Charlie Kirk memorial on university campus where he was shot](https://longbridge.com/en/news/296708182.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**