Mali and Niger Actions Pose Risks to Western Mining Interests
Western mining companies in Mali, Niger and Burkina Faso face growing challenges as military governments step up efforts to renegotiate mining contracts and assert control over resources. Recent actions include the arrest of mining executives in Mali, threats to revoke licenses in Burkina Faso and the seizure of French-run uranium mines in Niger. The moves coincide with soaring gold and uranium prices and a regional shift toward Russia, creating uncertainty for investors and insurers. Mali, Africa’s second largest gold producer, has implemented a new mining law, triggering disputes over tax payments and mining contracts. At the same time, insurance companies have significantly increased premiums for projects in the region due to heightened risks. While mining output remains stable, analysts warn that companies already operating in the Sahel are under increasing pressure, raising doubts about the region’s long-term stability and investment attractiveness.
source: Reuters
