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The ‘terrifying’ crackdown on mining companies in Africa’s coup belt

Financial Times LogoFinancial Times1d ago

The ‘terrifying’ crackdown on mining companies in Africa’s coup belt - Financial Times

Quick Summary:

Finance minister Alousséni Sanou told parliament last week Mali was set to earn $1.2bn in the first quarter of the year following the revision of its mining laws.

Although some companies, including Toronto-listed B2Gold, Allied Gold and Robex Resources, have negotiated deals with the regimes, industry insiders said the situation was likely to worsen.

Authorities on Saturday even started seizing gold from Barrick, according to a company letter seen by the Financial Times.


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Article Details

Author / Journalist: Aanu Adeoye

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 05:00:51 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1197 words

Reading Time: 7 minutes read

Sentences: 49 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25144448

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

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The story "The ‘terrifying’ crackdown on mining companies in Africa’s coup belt" was covered 1 days ago by Financial Times, a news publisher based in United States.

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Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news.

The outlet is headquartered in United States and publishes an average of 11 news stories per day.

It's most recent story was published 13 hours ago.

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