Four Malian employees of Barrick Mining (ABX.TO) have been released a year after their detention in Bamako, amid a dispute between the company and the government, three sources told Reuters on Saturday.
The standoff centered on the implementation of Mali’s new mining code, which granted the government a larger share of revenue from gold miners as gold prices surged to record highs.
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Barrick Mining Settles Long-Running Dispute With Mali Over Loulo-Gounkoto Gold Complex
On Monday, Barrick announced 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.
As part of the agreement, Mali released the four employees from prison, where they had been held since November 2024, the company said in a statement.
The sources who confirmed the release requested anonymity as they were not authorized to discuss the matter.
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