The China Mail - Chinese firms pay price of jihadist strikes against Mali junta

USD -
AED 3.672496
AFN 63.999914
ALL 81.482729
AMD 362.820235
ANG 1.790365
AOA 916.999747
ARS 1524.950103
AUD 1.444043
AWG 1.8025
AZN 1.695524
BAM 1.733158
BBD 2.015756
BDT 123.052656
BGN 1.683441
BHD 0.377328
BIF 3004.44854
BMD 1
BND 1.281424
BOB 12.054428
BRL 5.218202
BSD 1.000833
BTN 96.45446
BWP 14.158233
BYN 3.014683
BYR 19600
BZD 2.012832
CAD 1.424875
CDF 2312.497529
CHF 0.83099
CLF 0.024865
CLP 981.699414
CNY 6.70475
CNH 6.718055
COP 3320.6
CRC 457.240078
CUC 1
CUP 24.018396
CVE 97.712812
CZK 21.75105
DJF 178.215541
DKK 6.640303
DOP 59.79566
DZD 133.979954
EGP 52.346802
ERN 15
ETB 163.475001
EUR 0.88829
FJD 2.252295
FKP 0.753812
GBP 0.757375
GEL 2.594975
GGP 0.753812
GHS 11.724777
GIP 0.753812
GMD 73.999558
GNF 8804.033816
GTQ 7.645479
GYD 209.346324
HKD 7.846505
HNL 26.865513
HRK 6.667402
HTG 130.978015
HUF 327.740502
IDR 18005
ILS 3.086101
IMP 0.753812
INR 96.26955
IQD 1311.020726
IRR 1693850.00017
ISK 121.689811
JEP 0.753812
JMD 157.630753
JOD 0.708975
JPY 157.860499
KES 129.669462
KGS 87.44697
KHR 4053.132006
KMF 435.000205
KPW 900.000318
KRW 1363.360117
KWD 0.30877
KYD 0.834057
KZT 443.471634
LAK 22442.975382
LBP 89622.18589
LKR 330.728128
LRD 171.587828
LSL 16.576308
LTL 2.95274
LVL 0.60489
LYD 6.411393
MAD 9.760381
MDL 17.819861
MGA 4419.297095
MKD 54.561083
MMK 2099.783199
MNT 3598.053803
MOP 8.089432
MRU 40.068766
MUR 47.819887
MVR 15.459976
MWK 1735.373872
MXN 18.28782
MYR 4.085973
MZN 63.907668
NAD 16.575573
NGN 1328.34018
NIO 36.828953
NOK 9.61827
NPR 154.325085
NZD 1.78379
OMR 0.384498
PAB 1.000833
PEN 3.453202
PGK 4.464491
PHP 62.796984
PKR 277.237331
PLN 3.88995
PYG 5831.841625
QAR 3.648069
RON 4.746903
RSD 104.419636
RUB 83.290388
RWF 1476.791379
SAR 3.756193
SBD 8.065041
SCR 13.834797
SDG 601.502246
SEK 10.05364
SGD 1.281445
SHP 0.754575
SLE 24.612179
SLL 20969.491881
SOS 571.929887
SRD 37.672504
STD 20697.981008
STN 21.711004
SVC 8.757067
SYP 13002.000254
SZL 16.569484
THB 33.679499
TJS 9.217388
TMT 3.5
TND 2.975471
TOP 2.40776
TRY 49.033696
TTD 6.789784
TWD 31.954801
TZS 2635.002984
UAH 44.939475
UGX 3973.556883
UYU 40.28499
UZS 11829.395814
VES 859.10005
VND 25982
VUV 119.747847
WST 2.7762
XAF 582.68008
XAG 0.016501
XAU 0.000240606714
XCD 2.70255
XCG 1.803617
XDR 0.707052
XOF 582.68008
XPF 105.684789
YER 236.425003
ZAR 16.692759
ZMK 9001.203144
ZMW 19.680804
ZWL 321.999592
SSP 5712.591897
MXV 2.069688
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Chinese firms pay price of jihadist strikes against Mali junta
Chinese firms pay price of jihadist strikes against Mali junta / Photo: © AFP

Chinese firms pay price of jihadist strikes against Mali junta

Jihadists allied to Al-Qaeda have launched a blitz of raids on Malian industrial sites run by foreign firms, especially Chinese, as a tactic to undermine the ruling junta.

Text size:

While present across wider west Africa, the powerful Group for the Support of Islam and Muslims, known by its Arabic acronym JNIM, represents the greatest threat to the arid Sahel region today, the United Nations says.

In June, the JNIM warned that its well-armed fighters would target all foreign companies at work in Mali, run by the army since back-to-back coups in 2020 and 2021, as well as any business doing public works for the state without "its authorisation".

A recent UN report found the group's "core ambition remains the creation of an emirate that could challenge the legitimacy of military regimes, force them to cede authority and implement sharia" law, or the Islamic legal code.

To that end, the JNIM's raids in the west could allow it "to establish a racketeering network that extorts foreign companies and undermines the legitimacy of the Malian government", while kidnapping foreigners "to ransom them back to their governments", the American Enterprise Institute (AEI) said.

- Chinese workers abducted -

From the end of July, the JNIM has made good on its threats, attacking seven foreign-run industrial sites in one of Africa's top producers of gold and lithium, according to the AEI.

Six of those were run by Chinese firms, most of them in the gold-rich Kayes region to the west, with the jihadists abducting at least 11 Chinese citizens in the raids, AEI analyst Liam Karr told AFP.

"From what we can tell, China is bearing the brunt," Karr said.

In the wake of the attacks, China's foreign affairs ministry said it had urged the junta "to spare no effort in searching for and rescuing the kidnapped individuals".

It said it had "further taken practical and effective measures to ensure the safety of local Chinese citizen institutions and projects".

Besides Chinese, the JNIM also kidnapped three Indians at a cement works in the west in early July.

"The group has no grievances against the Chinese, but it stems from the group's desire to deal a blow to the Malian economy instead," said Bakary Sambe, director of the Dakar-based Timbuktu Institute think tank.

"Kayes holds strategic value for JNIM as a key economic hub. The region accounts for roughly 80 percent of Mali's gold production and serves as a trade corridor to Senegal", the country's top supplier, according to the Soufan Center consultancy.

As a result, the JNIM's western campaign "threatens to undermine business ties" with China, "one of Mali's largest economic partners", warned the AEI.

Chinese private investment in Mali came to $1.6 billion between 2009 and 2024, while the Chinese government has poured in $1.8 billion across 137 projects since 2000, AEI figures show.

- Raids spread -

Mali's reliance on Beijing has only grown since the coups that brought the military to power.

After turning its back on former colonial ruler France and the West more broadly, the junta has sought closer ties with China, as well as Russia and Turkey.

Russian mercenaries from the Wagner paramilitary group and its successor, Africa Corps, Chinese armoured cars and Turkish drones have helped the Malian army in its more than a decade-long fight against the jihadist insurgency.

For Karr, Russian willingness "to be a disruptor to strengthen its influence" stands "at odds with China, because China wants stability for its business interests".

Despite the outside help, the Malian junta has struggled to contain the JNIM and its rival, the Islamic State-Sahel Province group.

Deadly attacks across the Kayes region piled up in August, while the JNIM hit businesses in the Malian centre "for the first time", Karr said, with Chinese sugar refineries near the town of Segou among the targets.

Several days later, an assault on a British-run lithium mine in Bougouni in the south left a security guard dead.

The rash of jihadist raids comes as the junta, which trumpets a nationalist policy of greater domestic sovereignty over Mali's riches, is bidding to tighten its grip on the country's mining resources.

The military government has seized control of Mali's largest goldmine, the Loulo-Gounkoto site in the Kayes region, from Canadian giant Barrick Mining, demanding hundreds of millions of dollars in back taxes.

E.Lau--ThChM