A third source, a senior official with another mining company in the country, said Mali believes Barrick owes as much as 500 billion CFA and the claim is also linked to the non-repatriation of funds. All the sources spoke anonymously due to the sensitivity of the issue in Mali.
Why is Mali seeking 300 billion CFA from Barrick Gold?
Oct 8 (Reuters) – Mali’s military government is seeking at least 300 billion CFA ($512 million) in outstanding taxes and dividends from Barrick Gold, three sources said, a move that is part of a push by the country to collect more revenue from mining companies.
How much does Mali owe Barrick?
One of the sources said the amount Mali says Barrick owes has increased as authorities deepened investigations. A fourth source, also a senior official with another mining company, said they had heard Barrick was preparing to make a $300-$350 million payment to the government.
Does Mali want a bigger share of Africa’s minerals?
Mali is not alone in seeking a bigger share of revenues from the race for Africa’s minerals. In neighbouring Burkina Faso, the junta-led government said this month it planned to strip some foreign firms of permits. Niger’s military government has also revoked permits.