News Mali Finance: Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue
Mali's military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press. The letter from CEO Mark Bristow to the Malian Mining Minister, dated Monday, says Barrick is “awaiting official confirmation of the proper receipt by the Malian Solidarity Bank,” a government entity. The seizure follows a warning letter to Barrick earlier this month from Mali's senior investigating judge, Boubacar Moussa Diarra, saying three tons of gold would be seized.
News Mali Finance: Mali court rejects appeal to release four Barrick employees, judge says
BAMAKO (Reuters) -A court in Mali on Tuesday rejected an appeal by Barrick Mining to release four employees arrested last November, judge Samba Sarr said, the latest development in a long-running standoff between the Canadian firm and the Mali government over taxes and ownership of mining operations in the country. The appeal by the company, which has dismissed the allegations against the four local employees as baseless, was determined by the judge to be "unfounded", said Alifa Habib Kone, a lawyer for Barrick. The employees face charges including money laundering and violation of other regulations, Kone said.
News Mali Finance: Mali’s Savings and Local Enterprise Could Unlock Development Finance: AfDB Report
Antoine-Marie Tioyé Sié, the Bank’s Principal Country Economist in Mali, presented the report at a workshop organised by the Bank’s Mali Country Office in Bamako on 10 September.
News Mali Finance: Abu Dhabi fund agrees $250m loan to Mali gov't
These include an AED918 million ($250 million) concessionary loan to support the balance of payments in the country as well as an additional concessionary loan of AED110 million to finance the ...
News Mali Finance: AfDB gives more than 7.3 billion CFA francs to Mali for Integrated Development Programme in Niger River Basin
Bamako, Mali (PANA) - The Prime Minister of Mali and minister of Economy and Finance, Boubou Cissé, and the African Development Bank (AfDB) country head in Mali, Mrs ...
News Mali Finance: Extension to Joint Venture with Resolute in Southern Mali
Highlights: Joint Venture with Resolute in southern Mali extended by two years to May 2021 Resolute to earn an initial 70% interest by funding US$3M in exploration and by completing a feasibility ...
News Mali Finance: "GDP per capita to reach USD 10,400 in 2023"
and continue to reduce the tax burden on salaries," Mali said. He also said that the investments reached record levels this year as the budget allocated more than RSD 220 billion, and added that more ...
