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Mali Agrees Gold Mining Deal Extension After Standoff with Barrick
7 Articles
7 Articles
Mali agrees gold mining deal extension after standoff with Barrick
Mali agreed to extend Barrick Mining’s gold mining permit for an extra 10 years following a longstanding dispute over control and revenues. In November, the two sides reached an agreement over two mines that are home to some of the world’s largest gold deposits. Mali’s military junta, like many governments across the continent, is trying to secure a larger share of profits from the country’s mineral resources against a backdrop of rising gold pr…
Mali is one of the main gold producers on the African continent. Barrick Mining, for its part, is one of the world's largest gold-producing groups. After long months of tensions about income sharing and control of the Loulo-Gounkoto mine, the two partners finally extend their collaboration.
After two years of fighting, Mali and Barrick Gold reached a historic agreement for the Loulo-Gounkoto mine. Gold seizures, arrests, threats of expropriation: Mali's largest mine now has a secure future for twenty-two years. Licence renewal, payment of $430 million: the underside of reconciliation between Bamako and Canadian Barrick.
The Malian government has approved a draft decree renewing for ten years the licence to operate the Loulo-Gounkoto gold complex, operated by Barrick Mining. This extension marks the resolution of a major and controversial dispute that has profoundly affected the mining sector of this country in West Africa over the last two years. This decision...
Mali grants ten-year renewal for Barrick’s Loulo project permit
The Government of Mali has extended the gold mining permit for Barrick Mining’s Loulo project by ten years, as announced by the West African nation's military leader, reported Reuters.The post Mali grants ten-year renewal for Barrick’s Loulo project permit appeared first on Mining Technology.
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