Resolute pays US$50M to Mali junta amid tax spat
Resolute Mining (ASX: RSG; LSE: RSG) has made the second settlement payment of about US$50 million to the Malian government to help resolve a tax dispute, the company said Friday….
Barrick Gold
Blue Moon acquires two brownfield copper projects in Norway for US$67M
Blue Moon Metals (TSXV: MOON) (OTCQB: BMOOF) says it’s buying two former copper-producing assets in Norway to diversify from its zinc project in California while emphasizing near-term output. The Vancouver-based…
Four Barrick Gold employees detained in Mali
Employees of the Loulo-Gounkoto mine were detained amid the government’s push for higher mining taxes.
Vedanta to invest US$2B in Saudi copper projects
Vedanta Copper, a subsidiary of India’s Vedanta, has announced plans to invest US$2 billion in copper-processing facilities in Saudi Arabia, a fresh boost to the kingdom’s aspirations to establish itself…
Barrick touts ‘world-class’ potential of Fourmile project with huge resource boost
A resource update for Barrick Gold‘s (TSX: ABX; NYSE: GOLD) Fourmile project in Nevada has increased contained ounces as much as 192% and grades by 35% compared to last year’s…
Mali junta frees Resolute CEO
Resolute Mining (ASX: RSG; LSE: RSG) CEO Terence Holohan and two colleagues have been released from detention by Malian authorities, the company said on Thursday. “All three employees are safe…
Marvel Gold’s sale of Mali assets falls through
Australia’s Marvel Gold (ASX: MVL) announced on Wednesday that the planned sale of its gold projects in Mali will not proceed as intended due to recent developments affecting miners operating…
Risks rise in Mali as junta holds Resolute CEO
Shares in Resolute Mining (ASX: RSG; LSE: RSG) lost a third of their value on Monday after the Australian gold miner said Mali’s military government detained CEO Terence Holohan and two senior…
Barrick CEO expects deal with Mali on new mining code by year-end
Sources cited by Reuters report that Mali is seeking around $500m in unpaid taxes from Barrick.
Barrick, Mali exchange shots in US$500M tax dispute
Barrick Gold’s (TSX: ABX; NYSE: GOLD) negotiations with Mali’s military government appear to have stumbled after both sides issued claims about a Sept. 30 preliminary agreement. The West African country’s…
New film sees mining through Quebec Inuit eyes
The northern Quebec region of Nunavik is the setting for a new documentary on the tussle between Inuit survival on the land and the mining industry’s quest to dig it…
Barrick fights to dismiss Tanzanian abuse allegations from Canadian court
Barrick Gold (TSX: ABX; NYSE: GOLD) is arguing in an Ontario court that allegations of human rights abuses in Tanzania should be decided in that country instead, with local police and…