Imagine being able to recover money from multinationals? Imagine putting the well-being of your people so much at the forefront that you are not afraid of uncovering or exposing corruption or injustice, and of taking on major world multinationals! This is what the Malian government has just done, and as a result has uncovered a billion dollar in arrears! Remember how Pascal Lissouba, the former president of the Republic of Congo, admitted that the Congolese government had no idea how much oil Elf (now Total Energies) was pumping out of its soil, and that they were at the mercy of whatever the company wanted to pay them, which was pennies; when he tried to renegotiate contracts or find better partners, he was deposed by Denis Sassou Nguesso, the Western puppet. Remember Jean Bedel Bokassa of the Central African Republic who admitted that he had no visibility on the amount of diamonds or uranium that French and Swiss companies were extracting from his country. Now, imagine being in your sovereign state, i.e. no Western puppet at your helm, the well-being of your people at the forefront?

Mali (and the other countries of the AES) has been working tirelessly on nationalizing their resources, and renegotiating correctly contracts with multinationals that are extracting their resources. Thus, such an exercise is fruitful in the sense that now, they can audit accounts, and compensate or fight for better compensation for their people better. Today, it was announced that Mali has recovered over a billion dollar in arrears from mining companies! Isn’t this a beautiful Christmas /end of year present? This also makes us pray further for the safety of such governments who place the restoration of their people’s dignity and well-being at the forefront of their efforts. Now, more than ever, they will be the target of the foreign corporations and bandits! Now, more than ever, they need each of us to stand in solidarity with them!

Excerpts below are from Africanews.

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Mali has recovered more than a billion dollars in arrears from mining companies after a sweeping audit, its finance minister, Alousséni Sanou, said on Tuesday.

It’s one of the country’s biggest ever clawbacks from its lucrative mining sector.

The military-led government launched an audit of the sector in early 2023 and uncovered massive shortfalls for the state. That paved the way for a new mining code that raises royalties, boosts the state’s ownership in mining companies and scraps stability clauses.

A recovery commission was set up after an audit flagged financial irregularities and shortfalls for the state estimated at between half a billion and a billion dollars.

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