Mali Detains Barrick Gold Employees Amid Tax Dispute and Settlement Payments

Mali's military junta is persistently asserting its claims against foreign mining companies.

This highlights the government's aggressive stance on tax assessments. Resolute Mining Ltd. recently paid $50 million as part of a $160 million settlement, in addition to an earlier payment of $80 million.

Barrick Gold Corp. has reported that four of its employees have been detained in Mali, as the company is accused of owing $500 million in back taxes. Barrick argues that it has already made an $85 million payment.

These incidents reflect the ongoing tensions between the Malian government and international mining firms. This trend is also observed in Africa, where governments are increasingly demanding a larger share of the wealth generated from natural resources. This has raised concerns among foreign investors about the stability of their operations in the region.

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