Mali have shut down the offices of Canadian mining giant, Barrick Gold over alleged non-payment of taxes in a long-running dispute over mining revenues.
According to Malian officials, Barrick Gold owes approximately 305 billion CFA francs (around $500 million) in unpaid taxes, retroactive tax adjustments, and dividends from 2020 to 2022.
The government has also blocked Barrick’s gold exports since early November 2024.
When the military government took power, they revised mining code and enacted a new one in 2023, which grants the government a larger stake in mining operations and tighter control over resource exports.
Barrick Gold, one of the world’s leading gold producers, operates the Loulo-Gounkoto complex in Mali.
Mali is one of the world’s largest gold producers.
