Reuters
Mali's military government is seeking at least 300 billion CFA ($512 million) 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. Authorities in Mali last month briefly detained four Malian staff working for Barrick, the world's second-largest gold miner, and the Canadian company said on Sept. 30 it had agreed with the government to solve existing claims and disputes. The demands on Barrick follow an audit of mining contracts last year and a subsequent push by Mali to renegotiate existing agreements with mining firms, including Bing2GOLD, Resolute Mining and Allied Gold, to channel a greater share of revenues into state coffers through a new mining code.