B2Gold was among the first companies to negotiate a settlement with the Malian Government over its 2023 mining code.
While you were sleeping, global agencies reported the following events overnight from Wednesday to Thursday. Nineteen thousand residents of Southern California received evacuation orders on Wednesday following the eruption of the uncontrolled Hughes Fire near Castaic,
Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
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 plans to suspend its operations in the country.
(AP Photo/Richard Drew, File) Copy DAKAR, Senegal (AP) — 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 ...
They said their departure was immediate, but under the bloc's rules, their withdrawal takes effect a year after the announcement.
Mali is set to get 750-billion CFA francs ($1.2-billion) from miners in the first quarter this year following an overhaul of its mining sector. In late December, Mali had received 500-billion CFA francs following talks with mining companies,
Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.
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