Mali's military government is holding gold from Barrick Gold's mine at the Banque Malienne de Solidarite due to a dispute over revenue sharing. Barrick has suspended operations, impacting 8,000 ...
So far, the negotiations with companies owning gold mines in the country have yielded $783 million (CFA500 billion) for Mali. Hummingbird is among the latest to have reached an agreement with Bamako.
HUMMINGBIRD Resources said it had agreed to pay Mali $16.4m and waived VAT claims worth another $16m in return for the renewal of “key” exploration permits on the Yanfolila gold mine. The state, which ...