Resolute Slumps After Mali Detains CEO in Spat Over Gold Revenue
- West African nations are putting more pressure on mining firms
- Mali’s military junta is seeking a greater share of resources
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Australia’s Resolute Mining Ltd. plunged by a third after its chief executive was detained in Mali by a military government that’s seeking a greater share of resource revenues.
Mali is among a number of West African nations putting pressure on mining companies as they seek to assert more control over mineral production. The military junta in Mali, the continent’s No. 3 gold producer, also wants to shore up revenue following a 2020 coup that triggered sanctions and cut off some aid flows.