Barrick Gold, Mali Resolve Disputes Over Loulo and Gounkoto Gold Mining
By Matt Walker
Barrick Gold Corporation and Mali agreed to resolve claims between the government and the Loulo and Gounkoto gold mining companies.
Details will be made public when the settlement has been finalized, Barrick Gold said Monday.
The parties have been negotiating a new mining contract.
Barrick President and Chief Executive Mark Bristow said, "The current negotiations have proved challenging but we're encouraged by the government's recognition of the importance of securing the long-term viability of the Loulo-Gounkoto complex as a substantial contributor to the Malian economy."
Mali is one of Africa's biggest gold producers.
Write to Matt Walker at matthew.walker@dowjones.com
(END) Dow Jones Newswires
September 30, 2024 15:47 ET (19:47 GMT)
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