Mining Companies Face Pressure from Military Regimes in Africa's Sahel

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Mining Companies Face Pressure from Military Regimes in Africa's Sahel
GeopoliticsMININGAFRICA

International mining companies are facing escalating pressure from military regimes in Mali, Niger, and Burkina Faso, known as Africa's Sahel region. These regimes are employing tactics like legal disputes, nationalizations, and arrests to exert greater control over valuable minerals such as gold and uranium.

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International mining companies are at the mercy of “terrifying” tactics from military regimes in Africa’s Sahel, whose leaders are using legal disputes, nationalisations and arrests to assert greater control over crucial minerals like gold and uranium. Barrick Gold on Tuesday temporarily suspended operations in Mali after the government started seizing gold from its mine, weeks after the country issued an arrest warrant for chief executive Mark Bristow.

Canada’s Barrick, the world’s second-biggest gold miner by market capitalisation, shut its Loulo-Gounkoto mining complex, which produced the company’s second highest gold output in 2023, after being restricted from shipping out of the site for seven weeks. Mali on Saturday had also begun carting off precious metal from the mine following a provisional court order, according to the letter seen by the Financial Times.

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