Mali's military junta is persistently asserting its claims against foreign mining companies.
This highlights the government's aggressive stance on tax assessments. Resolute Mining Ltd. recently paid $50 million as part of a $160 million settlement, in addition to an earlier payment of $80 million.
Barrick Gold Corp. has reported that four of its employees have been detained in Mali, as the company is accused of owing $500 million in back taxes. Barrick argues that it has already made an $85 million payment.
These incidents reflect the ongoing tensions between the Malian government and international mining firms. This trend is also observed in Africa, where governments are increasingly demanding a larger share of the wealth generated from natural resources. This has raised concerns among foreign investors about the stability of their operations in the region.