Canadian miners face increased pressure from Mali's military government

Summary: Barrick Gold Corp. is facing increased tensions in Mali as the military junta seeks more control over the mining sector. Following the arrest of four employees, Barrick announced it would work towards a resolution with authorities but did not provide details.

Mali's military government, which has shifted alliances from Western partners to Russia, is using pressure tactics to extract more revenue from mining. The country’s economy is struggling, and the mining sector is a key source of tax income.

The military's recent actions, including a special audit and a new mining code, aim to increase state ownership in mines. Barrick argues that a strong relationship with the government is essential for economic stability, but the junta's ties to Russia complicate the situation.

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