Four Barrick Gold employees arrested in Mali
Four employees of Canada's Barrick Gold have been charged and detained pending trial in Mali, the company said on Tuesday, as the military-led government strives to raise more money from mining companies.
Mali is one of Africa's top gold producers and briefly arrested four senior local employees of Barrick in September. A source familiar with the matter told Reuters that the same employees had been arrested again.
Barrick refutes the charges against its employees, the company said in a statement, without detailing the charges. It added it would continue to engage with Mali's government to find an amicable settlement and secure the release of detainees.
"Since September 30, the company had been actively seeking to finalise a Memorandum of Agreement that would guide Barrick’s partnership with the government in future, including the state’s share of the economic benefits," the statement said.
Barrick CEO Mark Bristow told Reuters in early November that the world's No. 2 gold miner was confident of resolving claims and disputes with authorities before the end of the year.
Mali's mines ministry told Reuters it was not directly involved in the case, adding it was handled by the economy and finance ministry and the justice ministry's economic division.
The West African country is demanding about $500-million in unpaid taxes from Barrick, Reuters has reported citing sources, as the government tries to wring more income from the sector to shore up state revenues as prices of the precious metal rally.
Australia's Resolute Mining said last week its CEO Terence Holohan and two other employees, who were detained by the Mali government earlier this month, had been released from the country.
They left the capital Bamako after the miner agreed to pay $160 million to the Mali government to help resolve the tax dispute.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
