Barrick Gold has signed an agreement with the Malian government to resolve a two-year dispute regarding mining assets. The agreement includes a payment of $438 million, which will facilitate the release of detained employees and the resumption of operations at the Loulo-Gounkoto mine. Formal approval from the Malian government is pending, with an announcement likely imminent.
Canadian mining company Barrick Gold has reached an agreement with the Malian government to resolve a nearly two-year dispute concerning its mining operations in Mali. According to sources cited by Reuters, Barrick has signed the accord, pending formal approval from the Malian government, with an official announcement expected shortly. As part of the settlement, Barrick will provide $438 million to the Malian government in exchange for the release of employees who were detained, recovered gold, and the resumption of activities at the Loulo-Gounkoto mine.
Barrick Gold has successfully negotiated a settlement with Mali to end a long-standing dispute over mining assets. The agreement includes significant financial compensation and promises the return of detained employees and resumption of mining operations. This development may positively influence Barrick’s operations and financial stability in the region.
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