resolute mining ceo detained as west africa tightens mining regulations

Resolute Mining Ltd is currently facing challenges in West Africa due to the detention of its CEO in Mali. This incident is part of a larger regulatory shakeup in the region as governments, particularly Mali's military junta, are looking to increase revenue from natural resources amid sanctions and a lack of Western aid.

The junta's aggressive approach is not only affecting Resolute, but also Barrick Gold Corp., a Canadian mining giant, which has experienced employee detentions and threats to key licenses. This trend is also observed in neighboring countries such as Niger, Burkina Faso, Senegal, and Ivory Coast, where governments are making changes to mining codes, revoking permits, and conducting sector-wide audits to improve their financial positions.

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