https://en.sputniknews.africa/20241025/canadian-firm-barrick-gold-violated-mine-deal-malian-government-says-1068874118.html
Canadian Firm Barrick Gold Violated Mine Deal, Malian Government Says
Canadian Firm Barrick Gold Violated Mine Deal, Malian Government Says
Sputnik Africa
In late September, four senior Malian employees of Barrick Gold, the world's second-largest gold miner and one of Mali's top gold producers, have been arrested... 25.10.2024, Sputnik Africa
2024-10-25T18:33+0200
2024-10-25T18:33+0200
2024-10-25T19:17+0200
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Malian ministries of Mines and the ministry of Economy said in a joint statement that Canadian company Barrick Gold, one of the world's largest gold miners, violated the agreement with the country's government made at the end of September over the Gounkoto-Loulo gold mine complex that is located in the western part of Mali, 350 km west of the capital city of Bamako.The ministries stated that the violations are connected with foreign currency regulations, corporate social responsibility, and the environment. The joint statement noted that the mentioned issues could pose risks for mining operations in the country.Barrick Gold said in a statement that it stayed in touch with the Malian government and paid $85 million within the agreement.Mali's military government is requesting at least 300 billion CFA francs ($512 million) in unpaid taxes and earnings from Barrick, according to the Western media report from earlier this month.
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west africa, mali, mining, gold miners, agreement, accusations, west, neocolonialism
Canadian Firm Barrick Gold Violated Mine Deal, Malian Government Says
18:33 25.10.2024 (Updated: 19:17 25.10.2024) In late September, four senior Malian employees of Barrick Gold, the world's second-largest gold miner and one of Mali's top gold producers, have been arrested in Mali on charges of financial crimes, reports said. Later, they were released after the agreement made between Barrick Gold and the Malian government.
Malian ministries of Mines and the ministry of Economy said in a
joint statement that Canadian company Barrick Gold, one of the world's largest gold miners, violated the agreement with the country's
government made at the end of September over the Gounkoto-Loulo gold mine complex that is located in the western part of Mali, 350 km west of the capital city of Bamako.
"Barrick Gold didn't honor the commitments to which it subscribed in the agreement," the joint statement by the Malian ministry of Mines and Economy said.
The ministries stated that the violations are connected with foreign currency regulations, corporate social responsibility, and the environment. The joint statement noted that the mentioned issues could pose risks for
mining operations in the country.
Barrick Gold said in a statement that it stayed in touch with the Malian government and paid $85 million within the agreement.
"As announced by Barrick on September 30, the company and the government agreed on a negotiation framework to achieve a global resolution of their disputes. Since that date, Barrick has been actively engaged with the government in pursuit of such a settlement," the company's press release said.
Mali's military government is requesting at least 300 billion CFA francs ($512 million) in unpaid taxes and earnings from Barrick, according to the Western media report from earlier this month.
