The warrant for Mark Bristow reported by local journalists represents an escalation in a tax dispute in the West African country
chief executive officer Mark Bristow in a fresh escalation of a tax dispute in the West African country, Malian journalists have reported.
“We will not be commenting,” Barrick spokesperson Kathy du Plessis told The Globe and Mail in response to emailed questions on Thursday. Mali’s military regime, which took power in a 2021 coup, has been pressuring foreign mining companies to give the government a bigger share of their revenue. It has been seeking US$417-million from Barrick, alleging that the company failed to pay all its required taxes – a charge the company rejects.
Last month the authorities arrested three employees of Australian-based Resolute Mining, including its CEO, Terence Holohan, and held them in custody for more than a week, until the company promised to pay US$160-million to resolve a tax dispute. The Malian government has threatened to take back a part of Barrick’s Loulo-Gounkoto complex, which is projected to produce more than half a million ounces of gold this year. The government, accusing Barrick of failing to fulfill its commitments, said last month that it might allow one of the operating permits at the complex to expire.
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