RUSSIAN FORCES TO STAY IN MALI TO FIGHT TERRORISM: KREMLIN. (PHOTO).

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 Russian forces to stay in Mali to fight terrorism: Kremlin The Kremlin said on Thursday that Russian forces would stay in Mali to help the country's government battle terrorists following an offensive over the weekend by Tuareg-led separatists and terrorists. Kremlin spokesman Dmitry Peskov made the statement after being asked by a reporter how Russia responded to a purported statement from the terrorists saying they wanted Russia to leave Mali. "Russia's presence there is, in fact, due to the need identified by the current government. Russia will continue, including in Mali, to combat extremism, terrorism and other harmful phenomena and will continue to provide assistance to the current government," said Peskov, AFP reported. The Russian Defence Ministry had claimed on Tuesday that units of its African Corps prevented an attempted coup on April 25, 2026 in Mali. It said in a statement that the African Corps units "inflicted irreparable losses" on superior ...
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U.S CHALLENGES CHINESE CONTROL IN RACE FOR AFRICAN MINERALS. (PHOTO).

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 U.S challenges Chinese control in race for African minerals


Mali will create a state-owned company to manage holdings in mining companies, according to a statement released by the council of ministers.


Other resource-producing countries in West Africa such as Niger and Guinea have been managing their assets through similar state-owned mechanisms.


The company Sopamim, whose capital is fully owned by the state, will acquire and manage Mali's holdings, according to the statement released, Reuters reported.


The West African country is one of Africa's largest gold producers, with mining companies including Barrick Gold, B2GOLD, Resolute Mining, Endeavour Mining and Hummingbird Resources active in the gold-rich western and southern regions.


In 2022, Mali created another state-owned company called Sorem with the aim to explore and develop mineral resources.


Mali's military rulers introduced a new mining code in 2023, expanding state and local ownership of mines to at least 35% from 20%.


The new code also increased tax collection, helping to push up state revenues from gold mining companies by 52.5% in 2024.


Last month, Mali named a former Barrick executive as special adviser to the presidency who will oversee the mining sector.

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