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Mali frees Barrick Gold employees after entering deal with the Canadian firm
Four Malian employees of Barrick Mining have been released a year after they were detained in the capital Bamako amid a revenue dispute between the company and the government.
Mali frees Barrick Gold employees after entering deal with the Canadian firm
Canadian mining firm Barrick Gold has operated in Mali for more than 30 years. / Photo: Reuters
3 hours ago

Four Malian employees of Barrick Mining have been released a year after they were detained in the capital Bamako amid a dispute between the company and the government, three sources told Reuters on Saturday.

The two sides had been in a standoff over the implementation of the West African country's new mining code that gave Mali a bigger share of revenue from gold miners as gold prices surged to a record high.

The Canadian miner said on Monday it had reached an agreement with Mali's government to resolve all disputes over the Loulo-Gounkoto gold mining complex after two years of negotiations.

The agreement included Mali releasing the four employees from prison, where they had been held since November 2024, according to a statement from the company.

The sources who confirmed the release asked not to be named because they were not authorised to discuss the matter.

SOURCE:Reuters