London- and Australia-listed Resolute Mining has completed a second settlement payment of approximately $50 million to the government of Mali, funded from its existing cash reserves. The company confirmed that the remaining balance of $30 million will be settled by the end of this year using its current liquidity sources.Continue Reading
Dual-listed Barrick Gold has welcomed the Ontario Superior Court’s decision to dismiss a lawsuit brought by 21 Tanzanian nationals alleging human rights abuses by Tanzanian police at the North Mara gold mine. The court ruled that Ontario, Canada, was not the appropriate jurisdiction for the claims. The lawsuit, filed inContinue Reading
Australian mining company Resolute Mining has agreed to pay Mali’s military government $160 million to resolve a tax dispute that escalated after the detention of the company’s British CEO, Terry Holohan, and two colleagues. The three employees were arrested 10 days ago while traveling to Bamako for what they believedContinue Reading
