US EditionMining Giant Barrick and Mali Settle Gold Dispute
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5 Articles
Mining giant Barrick and Mali settle gold dispute
Mining giant Barrick reached an agreement with Mali’s government to end a two-year dispute over one of the world’s largest gold deposits. The dispute centered on the Loulo and Gounkoto mines, which are among the Canadian miner’s most productive assets and generated nearly $900 million in revenue last year. The company agreed to pay $430 million in a deal under which it will regain operational control over the Loulo-Gounkoto complex and withdraw …
The authorities of Bamako and the Canadian Loulo-Gounkoto again smoke the peace pipe after disputes that have necessitated international arbitration on several aspects of mining administration in the Kénieba area. The press release issued on 24 November by Barrick Mining Corporation reveals real power relations between a multinational mining company and an African state claiming to be sovereign.
Barrick resolves Mali dispute, regains Loulo-Gounkoto mine control
Barrick Mining (TSX:ABX) and Mali reach a settlement ending all disputes over the Loulo-Gounkoto mines; charges against Barrick and its employees will be dropped, and detained staff released Operational control restored to Barrick as the provisional administration is terminated; gold exports expected to resume after months of suspension Arbitration claims were withdrawn as part of the agreement, closing a conflict that began in May when Mali sou…
While Bamako still resists JNIM, the jihadist group, which the country has been suffering for three months from a shortage of gasoline, a Canadian company specializing in gold mining is reconnecting with Mali. It agrees to resume its activities.
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