Mali issues arrest warrant for Barrick CEO amid tax dispute – report

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The report follows the arrest of four employees from Barrick’s Loulo-Gounkoto mining complex in the West African country.

Barrick stated that the company “will not be commenting” on the reported arrest warrant.

The detention of foreign officials is becoming a pattern in Mali, as the government seeks to extract more revenue from the mining sector.

According to sources cited by Reuters, Mali is seeking approximately $500 million in unpaid taxes from Barrick.

Previously, Bristow said that since September 30, the company has been working to finalize a memorandum of agreement with the government.

The agreement would outline their partnership going forward, including details on “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,…

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