The government of Mali and Barrick Gold have made progress in the search for an amicable settlement of a tax dispute, with CEO Mark Bristow saying on Monday that negotiations on the implementation of a settlement were nearing finalisation.
The government claims that it is owed $80-million in unpaid taxes by Gounkoto and Somilo, two companies that work at the Loulo-Gounkoto project, as well as Kankou Moussa, a bullion bank that sells gold produced by the mines.