Authorities in Mali last month briefly detained four Malian staff working for Barrick, and the Canadian company said on Sept. 30 it had agreed with the government to solve existing claims and disputes
Mali‘s military government is seeking at least 300 billion CFA 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.
Under the new code – which comes as governments across Africa seek more revenues from their mines producing gold and the critical minerals needed for global energy transition – Malian state and private interests in projects could rise to 35 per cent from 20 per cent now. The law also seeks to slash tax breaks and increase the number of Malians in management roles.
Another source, who works with mining companies and the Malian government, confirmed the figure, saying the bill would cover taxes owed from 2020, 2021 and 2022. Barrick said the tax bills were “without merit” but that it had paid $17-million as part of a six month stay on enforcement on them. Malian government officials did not respond to requests for comment. In August 2023, the mining ministry said the audit had revealed the government was missing 300 billion to 600 billion CFA francs in revenues that it intended to recover from companies.
Mali’s government declined to comment. President Assimi Goita said last year investors had the choice of accepting Mali’s new mining rules or leaving the country.
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