In 2020, Mali produced over 71 tons of gold— an amount worth billions of dollars. But Mali saw only $850 million dollars from that gold. And this situation isn't unique: a number of other gold-rich countries in Africa aren't seeing the income they should given the price of gold. So, what's going on? Lyla Latif digs into how foreign corporations exploit African nations for their resources. [Directed by Jeffig Le Bars, Jet Propulsion, narrated by Karen Marie, music by André Aires].

Lyla Latif: The true cost of gold

The true cost of gold

Mali's gold, worth billions, yields only $850M in 2020 due to corrupt, tax-evading practices by multinational corporations.

Creative accounting by corporations in Mali minimizes taxable income, exploiting loopholes, and denying Mali crucial revenue.

Mali reported $200M in gold exports in 2016, while the UAE reported $1.5B from Mali, revealing massive gold smuggling operations.