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

USD -
AED 3.6725
AFN 64.476319
ALL 81.33475
AMD 376.94028
ANG 1.790415
AOA 917.000131
ARS 1396.011796
AUD 1.415408
AWG 1.8025
AZN 1.699896
BAM 1.64926
BBD 2.014277
BDT 122.307345
BGN 1.648974
BHD 0.377047
BIF 2950.229373
BMD 1
BND 1.264067
BOB 6.911004
BRL 5.240196
BSD 1.000055
BTN 90.587789
BWP 13.189806
BYN 2.866094
BYR 19600
BZD 2.011317
CAD 1.36116
CDF 2239.99957
CHF 0.76844
CLF 0.021831
CLP 861.920175
CNY 6.90065
CNH 6.90266
COP 3668.73
CRC 485.052916
CUC 1
CUP 26.5
CVE 92.982759
CZK 20.455049
DJF 178.092242
DKK 6.29619
DOP 62.299727
DZD 129.65702
EGP 46.841753
ERN 15
ETB 155.749963
EUR 0.84269
FJD 2.19355
FKP 0.733683
GBP 0.733335
GEL 2.690286
GGP 0.733683
GHS 11.006165
GIP 0.733683
GMD 73.493717
GNF 8777.558997
GTQ 7.67035
GYD 209.236037
HKD 7.817097
HNL 26.422572
HRK 6.352402
HTG 131.126252
HUF 319.331501
IDR 16828
ILS 3.08854
IMP 0.733683
INR 90.6003
IQD 1310.081964
IRR 42125.000158
ISK 122.190016
JEP 0.733683
JMD 156.510227
JOD 0.709003
JPY 153.012015
KES 128.999691
KGS 87.450011
KHR 4022.414207
KMF 416.000239
KPW 899.945229
KRW 1443.539974
KWD 0.30663
KYD 0.833418
KZT 494.893958
LAK 21461.579977
LBP 89559.702814
LKR 309.225755
LRD 186.464834
LSL 16.050478
LTL 2.95274
LVL 0.60489
LYD 6.305102
MAD 9.144464
MDL 16.981212
MGA 4374.957836
MKD 51.966174
MMK 2099.574581
MNT 3581.569872
MOP 8.053972
MRU 39.856982
MUR 45.895018
MVR 15.450136
MWK 1734.202515
MXN 17.186955
MYR 3.907503
MZN 63.8971
NAD 16.050478
NGN 1355.230128
NIO 36.800142
NOK 9.49049
NPR 144.93218
NZD 1.656985
OMR 0.384534
PAB 1.000148
PEN 3.355188
PGK 4.293069
PHP 57.888992
PKR 279.69946
PLN 3.549205
PYG 6558.925341
QAR 3.644697
RON 4.2938
RSD 98.941045
RUB 76.586287
RWF 1460.062066
SAR 3.750195
SBD 8.038668
SCR 13.56195
SDG 601.497214
SEK 8.91673
SGD 1.262615
SHP 0.750259
SLE 24.449754
SLL 20969.501164
SOS 571.059944
SRD 37.754034
STD 20697.981008
STN 20.660547
SVC 8.750574
SYP 11059.574895
SZL 16.047358
THB 31.039901
TJS 9.435908
TMT 3.51
TND 2.88338
TOP 2.40776
TRY 43.739797
TTD 6.78838
TWD 31.407497
TZS 2600.000079
UAH 43.128434
UGX 3540.03196
UYU 38.554298
UZS 12290.606435
VES 389.80653
VND 25970
VUV 119.325081
WST 2.701986
XAF 553.151102
XAG 0.012772
XAU 0.0002
XCD 2.70255
XCG 1.802336
XDR 0.687473
XOF 553.146437
XPF 100.56794
YER 238.324973
ZAR 15.962498
ZMK 9001.195114
ZMW 18.176912
ZWL 321.999592
  • RYCEF

    0.6300

    17.5

    +3.6%

  • NGG

    1.4600

    92.68

    +1.58%

  • VOD

    -0.1250

    15.495

    -0.81%

  • RIO

    -0.2200

    97.69

    -0.23%

  • GSK

    0.3450

    58.885

    +0.59%

  • BTI

    -0.9400

    59.67

    -1.58%

  • BP

    0.3700

    37.56

    +0.99%

  • AZN

    1.1600

    205.68

    +0.56%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • CMSC

    0.0700

    23.77

    +0.29%

  • RELX

    2.1000

    30.91

    +6.79%

  • BCC

    -0.4800

    87.58

    -0.55%

  • BCE

    -0.0700

    25.76

    -0.27%

  • CMSD

    0.0947

    23.67

    +0.4%

  • JRI

    0.1735

    13.2

    +1.31%

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