Home News Finance Four Employees of Canadian Mining Firm Arrested in Mali for Financial Crimes
FinanceNews

Four Employees of Canadian Mining Firm Arrested in Mali for Financial Crimes

745

Four employees of Canadian mining company Barrick Gold were reportedly arrested in Mali earlier this week. The arrests come amid rising tensions between Mali’s ruling junta and foreign mining companies.

The detained employees were reportedly senior Malian staff of Barrick Gold, the world’s second-largest gold miner, which co-owns the Loulo-Gounkoto gold complex in western Mali. Barrick Gold holds an 80 per cent stake in the complex, while the Malian state owns the remaining 20 per cent.

A judicial source, who spoke to Reuters anonymously, confirmed the arrests but did not disclose their names, roles, or reasons for the detention. Another source close to the company said a high bail has been set for their release but did not provide further details.

These arrests followed Mali’s recent efforts to tighten control over its mining sector. In August, the junta adopted a new mining code that allows the state to take up to a 30 per cent stake in new projects. The code removed previous tax exemptions granted to mining companies.

Barrick Gold earlier acknowledged tensions with Malian authorities in July but neither the company nor Malian authorities have officially commented on the recent arrests.

 

Read More:

Mali, Niger and Burkina Faso Open Investigation Against FRANCE24 Journalist for Terror Links in the Sahel

French Army Chief Admits Presence Of French Soldiers In Guinea, Mali’s Neighbouring Country

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

News

Nigeria’s Constitutional Review: Spotlight on Citizenship by Investment and Religious Courts Bills

Nigeria’s 10th House of Representatives Committee on Constitution Review held its inaugural...

Senegal Rename Colonial Streets
News

IMF Praises Senegal’s Austerity After $7B Hidden Debt—Fuel Subsidies Slashed, Poor Hit With New Taxes

Senegal’s government has unveiled a “recovery” plan to raise nearly $10 billion...

NewsWorld

South Sudan Seeks U.S. Sanctions Relief in Exchange for Accepting More Deportees

The Trump administration’s deportation policy has come under fire as reports emerge of...

France to Incentivise Moroccans to Occupy Western Sahara
NewsWorld

France’s Factory Shutdowns Signal Deeper Crisis as Africa Reclaims Control of Resources

France’s industrial base is under severe pressure, with increasing factory shutdowns across...