November 24, 2017

Terrorist attacks might blight Mali’s mining sector

As this article was being posted online a rescue mission had just been concluded during a tense hostage drama at Radisson Blu Hotel, in the capital city of Mali, Bamako. Coming after the Paris attack, the world’s attention was intense.

The mining sector’s interest in the story might be that amongst the hostages were two employees of Canadian gold producer, B2Gold, which is developing the Fekola Mine in Mali, which is said to have huge gold deposits. Development would cost the company about $300 million.

Though an unfortunate isolated case, there is a tendency to paint incidents with one brush in a world where competition for Foreign Direct Investment (FDI)  is fierce. Mali’s mining sector could be a victim of such a stereotype (or is it a reality?).

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload the CAPTCHA.