Details of the agreement will be made public once the terms of the settlement have been finalized, according to the statement, which follows a Reuters report of the arrest of four Barrick employees.
Mali’s junta in 2023 adopted a new mining code that could see the government increase its stake to 35 per cent in existing gold mines. Mining companies operating in Mali, including Barrick — the world’s second-largest miner and one of Mali’s top gold producers, has come under pressure from the military junta that took power in 2020, to adhere to the new law.
A Barrick spokesperson and an official from Mali’s mining ministry declined to comment further when reached by email and phone.
—With assistance from Diakaridia Dembele.
Bloomberg.com