Developments in Mali are of grave concern to any prospective mining investor, according to Anglo American chief executive Duncan Wanblad.
He told the Mining Indaba in Cape Town that African governments should provide “fiscal and regulatory stability”.
Mali issued an arrest warrant for Barrick Gold chief executive Mark Bristow in November and detained four other executives as negotiations over back taxes and alleged money laundering slowed.
The West African country's junta-led government demanded about $500 million in unpaid taxes. Mali also issued an arrest warrant for Cheick Abass Coulibaly, general manager at Barrick's Loulo-Gounkoto mining complex.
Resolute Mining's British chief executive and two other employees were detained by Mali's military-led authorities in November over a tax dispute.
They were released after the miner agreed to pay $160-million.
Mali is Africa’s second-biggest gold producer.
It has been under military rule since 2020.
Mathew Nyaungwa, Editor in Chief, from Cape Town, South Africa, Rough&Polished
