(Reuters) - Mali’s military government is holding gold seized from Barrick Gold’s ABX.TO Loulo-Gounkoto mine site at state-owned Banque Malienne de ...
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 ...