Sources cited by Reuters reported that Mali is seeking around $500 million in unpaid taxes from Barrick as the government aims to increase revenue from the mining sector.
“While Barrick refutes these charges, it said it would continue to engage with the Malian government to find an amicable dispute settlement that would ensure the long-term sustainability of the complex,” the company said in a press release.
Barrick CEO Mark Bristow said that since September 30, the company had been actively seeking to finalize a Memorandum of Agreement that would guide Barrick’s partnership with the government in future, including “the state’s share of the economic benefits generated by the complex” and “the legal framework under which this would be managed,”
“Our attempts to find a mutually acceptable resolution have so far been unsuccessful, but we remain committed to engage with the government in order to…
