BARRICK Gold Corporation is facing mounting challenges in Mali as authorities continue to block gold shipments from its Loulo-Gounkoto mining complex. The situation worsened after an interim attachment order was issued against existing gold stocks on-site, further hampering operations and raising concerns over the mine’s future. Barrick’s President and CEO, Mark …
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BARRICK Gold has submitted an arbitration request to the International Centre for Settlement of Investment Disputes (ICSID) to resolve a mounting dispute with Mali over its Loulo-Gounkoto gold mine complex. The Canadian mining giant, which holds 80 percent ownership of the mine, is in conflict with Mali’s junta over a new …
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Mali’s military government is seeking at least 300 billion CFA ($512 million) in outstanding taxes and dividends from Barrick Gold, three sources said, a move that is part of a push by the country to collect more revenue from mining companies. Authorities in Mali last month briefly detained four …
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