https://en.sputniknews.africa/20250309/canadas-barrick-says-committed-to-reaching-mutually-beneficial-resolution-of-dispute-with-mali-1071001229.html
Canada's Barrick Says Committed to Reaching 'Mutually Beneficial Resolution' of Dispute With Mali
Canada's Barrick Says Committed to Reaching 'Mutually Beneficial Resolution' of Dispute With Mali
Sputnik Africa
Canadian mining company Barrick Gold is reportedly continuing negotiations with the Malian government to resolve a dispute over the Loulo-Gounkoto gold mining... 09.03.2025, Sputnik Africa
2025-03-09T13:49+0100
2025-03-09T13:49+0100
2025-03-09T13:49+0100
sub-saharan africa
canada
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north america
west africa
mining
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gold miners
conflict
taxes
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Canada's Barrick Gold remains "fully engaged and committed to reaching a mutually beneficial resolution" of the tax dispute with the Malian government, thought there are no major updates on the settlement, Barrick Gold's COO for Africaand the Middle East Sebastiaan Bock said in a memo seen by a Western media outlet.In February, Barrick Gold reportedly reached a $438 million deal with Mali, however, the agreement is taking some time to be finalized, the report said, citing sources familiar with the matter.The Canadian company temporarily suspended operations at its Loulo-Gounkoto mining complex in January after the Malian government banned gold exports from the mine and then evacuated three tonnes of gold, which authorities nevertheless said remains Barrick's property.
https://en.sputniknews.africa/20250220/canadian-barrick-gold-reportedly-reaches-438-million-deal-with-mali-to-settle-tax-dispute-1070740862.html
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canada, mali, north america, west africa, mining, gold, gold miners, conflict, taxes, government
Canada's Barrick Says Committed to Reaching 'Mutually Beneficial Resolution' of Dispute With Mali
Elizaveta Roschina
Writer/Editor
Canadian mining company Barrick Gold is reportedly continuing negotiations with the Malian government to resolve a dispute over the Loulo-Gounkoto gold mining complex, which stems from the West African nation's new 2023 mining code that increased the state's share of profits.
Canada's Barrick Gold remains "fully engaged and committed to reaching a mutually beneficial resolution" of the tax
dispute with the Malian government, thought there are no major updates on the settlement, Barrick Gold's COO for Africaand the Middle East Sebastiaan Bock said in a memo seen by a Western media outlet.
"As a reminder, all non-critical operations remain temporarily paused until further notice," the media quoted Bock as saying in the memo sent to the company's staff.
In February, Barrick Gold reportedly reached a $438 million deal with Mali, however, the agreement is taking some time to be finalized, the report said, citing sources familiar with the matter.
The Canadian company temporarily suspended operations at its Loulo-Gounkoto mining complex in January after the Malian government banned
gold exports from the mine and then evacuated three tonnes of gold, which authorities nevertheless said remains Barrick's property.
