CANADIAN mining giant Barrick Gold has reached an agreement with the Malian government, resolving a nearly two-year dispute over mining operations in the West African nation. According to Reuters, the deal includes a $438 million payment from Barrick to Mali in exchange for the release of detained employees, the return of seized gold, and the restart of operations … Read more
BARRICK Gold Corporation has reiterated its commitment to Zambia’s economic development, contributing over $3.7bn to the nation since 2019. In 2024 alone, its Lumwana operations added $887 million to the economy through taxes, royalties, salaries, and procurement of goods and services. Speaking from Lumwana on Sunday, Barrick President and CEO Mark Bristow said, ‘Our operations in Zambia … Read more
BARRICK Gold Corporation’s Twiga joint venture has injected over $4.24bn into Tanzania’s economy since its inception in 2019. The partnership, which operates the North Mara and Bulyanhulu gold mines, contributed $888 million in 2024 alone, reaffirming its position as a leader in the country’s mining sector. At a media briefing, Barrick president and CEO Mark … Read more
MALI’S military-led government has seized approximately three metric tons of gold worth $245 million from Barrick Gold’s Loulo-Gounkoto mine, escalating tensions between the mining giant and authorities. The gold is now being held at the state-owned Banque Malienne de Solidarité (BMS), according to sources cited by Reuters. The dispute mirrors a growing trend across West Africa, where military-led … Read more
CANADIAN mining giant Barrick Gold is on the brink of suspending its mining operations in Mali after the government seized three metric tons of gold from its Loulo-Gounkoto complex, Reuters reported. The gold, valued at approximately $245 million, was transported by helicopter over the weekend, intensifying a prolonged dispute between Barrick and Malian authorities. Government confiscates gold … Read more
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 mining contract that has escalated … Read more
BARRICK Gold, the world’s second-largest mining company, expects to finalise negotiations with Mali’s junta-led government over a new mining code by the end of 2024, CEO Mark Bristow revealed in an interview with Reuters on Thursday. The Toronto-based mining giant has been in protracted discussions with Malian authorities over regulations that will affect operations at its Loulo-Gounkoto mining … Read more
BARRICK Gold Corporation has rejected allegations from Mali’s Ministry of Mines and Finance Ministry that it has failed to meet its commitments under an agreement aimed at providing a fairer distribution of mining benefits. Barrick, which operates the Loulo-Gounkoto gold mining complex in Mali, maintains it has upheld all agreements with the government. Ongoing negotiations … Read more
THE military government of Mali is pressing for at least CFA300bn ($512 million) in back taxes and unpaid dividends from Canadian mining giant Barrick Gold, according to multiple sources. This push for increased revenue stems from an audit of mining contracts and forms part of a broader effort to renegotiate deals with mining companies operating … Read more