1 day ago · Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.

1 day ago · Mali’s government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its gold stocks by authorities in the country, two sources familiar with the matter told Reuters. ... Mali had previously demanded about $500 million ...

Southern regions of Mali–Sikasso, Koulikoro, and Kayes– are located in the heart of the Sahel and produce most of Mali’s gold. [13] Compared to other gold producers in the region and in Africa more broadly, gold in Mali is particularly cheap to extract and profitable for companies. [14]

1 day ago · The standoff compelled Barrick to halt operations at its Loulo-Gounkoto mine in Mali as the government seized gold stockpiles and issued an arrest warrant for chief executive Mark Bristow. While the West African nation’s military junta has yet to disclose exactly what it’s demanding from Barrick, the Canadian company has offered to pay ...

Jan 15, 2025 · Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues...

Jan 13, 2025 · Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.

Dec 17, 2024 · Mali’s confrontation with foreign mining companies underscores the urgent need for African nations to assert their sovereignty and demand fairness in resource extraction.

Aug 23, 2024 · According to GlobalData, Mali is the world’s sixteenth-largest producer of gold in 2023, with output down by 2.68% on 2022. Over the five years to 2022, production from Mali increased by a CAGR of 2% and is expected to rise by a CAGR of 3% between 2023 and 2027.

Jun 6, 2024 · Gold dominates Mali’s natural resource sector, and Mali is at least the fourth largest gold producer in Africa, with some reports placing it third. Gold is by far Mali’s most important export, comprising more than 80 percent of total exports in 2023.

Aug 13, 2024 · Mali produced 72.2 tonnes of gold in 2022, including six tonnes by artisanal gold panners, then-mines minister, Lamine Seydou Traore, said in March. Gold accounts for 25 percent of the...