China chip stocks fall as US considers allowing Nvidia H200 sales
Investing.com -- Barrick Mining Corp. is close to reaching an agreement with Mali’s government to resolve a two-year dispute over the company’s Loulo-Gounkoto gold mine, according to Bloomberg News, citing people familiar with the negotiations.
Representatives from the Canadian mining company met with Mali authorities Friday to finalize terms of a deal that would end the standoff that has kept the giant gold mine shuttered and resulted in the imprisonment of company employees.
The proposed arrangement would see Barrick accept Mali’s new mining code and regain control of the operation, according to sources who requested anonymity because the discussions are private.
The dispute has been a significant challenge for Barrick for more than a year, stemming from clashes between the company and Mali’s military leadership over the implementation of a new mining code and government claims for millions in alleged back taxes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.