Barrick and Mali Reach Agreement to Settle Disputes

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the government of Mali have agreed to find a global resolution to the existing claims and disputes between the government and Barrick's Loulo and Gounkoto gold mining companies. Details of the agreement, based in essence on Barrick's original proposals, will be made public once the terms of the settlement have been finalized.

Barrick president and chief executive Mark Bristow said the company's mutually beneficial relationship with Malian governments had endured for 30 years and occasional differences with successive regimes had always been amicably resolved.

"The current negotiations have proved challenging but we're encouraged by the government's recognition of the importance of securing the long-term viability of the Loulo-Gounkoto complex as a substantial contributor to the Malian economy. We look forward to working with the government to normalize our long-standing partnership." Bristow said.

Barrick enquiries

Investor and media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ABX:CA
The Conversation (0)
  Asara Resources Limited

Asara Raises $2.3M in Placement to Underpin Exploration Program at Kada and Makes Executive Changes

Asara Resources Limited (ASX: AS1; Asara or Company) is pleased to announce that it has signed a binding Subscription Agreement with Barbet L.L.C FZ (Barbet) to raise $2.3m (Placement) which affirms Barbet’s commitment to the Company and its flagship asset, the Kada Gold Project in Guinea (Kada).

Keep reading...Show less
As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

As Part of Its New Development Strategy, Cartier Introduces the Chimo Tailings Project

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR; FSE:6CA) is pleased to announce it intends to evaluate the economic potential of reprocessing Chimo Tailings (″ Chimo Tailings Project ″), located on the Cadillac Project.

The Chimo Tailings Project consist of waste materials from the past producing Chimo Mine, which operated intermittently from 1964 to 1997 and produced 379,012 ounces of gold (MERN DV 85-05 to DV 97-01).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×