The Prague Post - Chinese firms pay price of jihadist strikes against Mali junta

EUR -
AED 4.256694
AFN 73.006558
ALL 96.183185
AMD 437.462357
ANG 2.074413
AOA 1062.652651
ARS 1616.583177
AUD 1.634887
AWG 2.088802
AZN 1.968976
BAM 1.975086
BBD 2.334991
BDT 142.252756
BGN 1.980809
BHD 0.437517
BIF 3441.742426
BMD 1.158836
BND 1.487395
BOB 8.011612
BRL 6.048742
BSD 1.159341
BTN 108.010902
BWP 15.820233
BYN 3.584907
BYR 22713.182337
BZD 2.331679
CAD 1.591719
CDF 2636.351736
CHF 0.91339
CLF 0.026784
CLP 1057.587983
CNY 7.996489
CNH 7.972918
COP 4277.55277
CRC 542.427133
CUC 1.158836
CUP 30.70915
CVE 112.464864
CZK 24.472182
DJF 205.948898
DKK 7.471133
DOP 68.168493
DZD 153.256108
EGP 60.532024
ERN 17.382538
ETB 182.173906
FJD 2.558248
FKP 0.869907
GBP 0.862579
GEL 3.146225
GGP 0.869907
GHS 12.629381
GIP 0.869907
GMD 85.754443
GNF 10171.680078
GTQ 8.868484
GYD 242.551028
HKD 9.078147
HNL 30.790613
HRK 7.5344
HTG 152.071514
HUF 390.82922
IDR 19560.279743
ILS 3.624074
IMP 0.869907
INR 108.151817
IQD 1518.074942
IRR 1524013.975298
ISK 143.799646
JEP 0.869907
JMD 182.132997
JOD 0.821554
JPY 182.779731
KES 150.179997
KGS 101.337763
KHR 4646.931796
KMF 495.9811
KPW 1042.938319
KRW 1723.368534
KWD 0.354812
KYD 0.96618
KZT 557.540752
LAK 24885.999794
LBP 103773.749324
LKR 361.379075
LRD 212.536652
LSL 19.502855
LTL 3.421741
LVL 0.700968
LYD 7.393341
MAD 10.845255
MDL 20.31736
MGA 4826.550671
MKD 61.840893
MMK 2433.253315
MNT 4155.40254
MOP 9.354227
MRU 46.481248
MUR 53.891672
MVR 17.903794
MWK 2012.897608
MXN 20.545118
MYR 4.564685
MZN 74.050655
NAD 19.503121
NGN 1573.11839
NIO 42.552008
NOK 10.987384
NPR 172.811971
NZD 1.971968
OMR 0.445583
PAB 1.159381
PEN 4.0032
PGK 4.985268
PHP 68.413043
PKR 323.488759
PLN 4.267587
PYG 7533.334191
QAR 4.223496
RON 5.094213
RSD 117.478165
RUB 99.83641
RWF 1690.741481
SAR 4.350755
SBD 9.326986
SCR 17.598041
SDG 696.460551
SEK 10.757867
SGD 1.480649
SHP 0.869427
SLE 28.565483
SLL 24300.220556
SOS 662.27146
SRD 43.458668
STD 23985.562074
STN 24.91497
SVC 10.144364
SYP 128.084693
SZL 19.503003
THB 37.627637
TJS 11.10097
TMT 4.055925
TND 3.373661
TOP 2.790198
TRY 51.308384
TTD 7.858106
TWD 36.841128
TZS 3010.068531
UAH 50.982556
UGX 4381.978336
USD 1.158836
UYU 46.959974
UZS 14132.002921
VES 526.906001
VND 30465.794063
VUV 138.374754
WST 3.166195
XAF 662.460109
XAG 0.015907
XAU 0.000249
XCD 3.131812
XCG 2.08942
XDR 0.823884
XOF 662.273593
XPF 119.331742
YER 276.440433
ZAR 19.405896
ZMK 10430.917809
ZMW 22.694786
ZWL 373.144666
  • CMSC

    0.0200

    22.85

    +0.09%

  • BTI

    0.6300

    58.72

    +1.07%

  • NGG

    -1.8700

    85.53

    -2.19%

  • GSK

    0.3100

    52.37

    +0.59%

  • CMSD

    0.0100

    22.9

    +0.04%

  • AZN

    0.5100

    188.93

    +0.27%

  • BCE

    -0.0200

    25.73

    -0.08%

  • BP

    1.2500

    45.86

    +2.73%

  • RYCEF

    -0.5900

    16.01

    -3.69%

  • RIO

    -2.0700

    85.65

    -2.42%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCC

    -1.9800

    69.86

    -2.83%

  • JRI

    -0.1630

    12.16

    -1.34%

  • RELX

    -0.0400

    33.82

    -0.12%

  • VOD

    0.0500

    14.42

    +0.35%

Chinese firms pay price of jihadist strikes against Mali junta
Chinese firms pay price of jihadist strikes against Mali junta / Photo: Ioana PLESEA, Valentina BRESCHI - 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.

U.Ptacek--TPP