Post #550

🔵Another Happy Ending🔵 Mali and Canadian miner's relationship keeps re-entering golden age 🌐 Concluding a two-year row with the Canadian company Barrick, the government of Mali has approved a 10-year extension of its the gold mining license at the country's largest gold deposit, Loulo-Gounkoto, near the Senegalese border. 🔸 Since 2023, Barrick had been in conflict with Mali’s government over the country’s new mining regulations. They generally require that the state’s share of mining profits be increased. The conflict escalated several times: Mali detained high-ranking executives of the Canadian company and temporarily took control of the Loulo-Gounkoto mine itself. Last November, the parties resolved the dispute, which involved dropping all charges against the company, its subsidiaries, and employees, as well as returning the mine to the company’s control. 🏷 This once again reflects Mali’s unique strategy: unlike its Sahelian neighbors in Burkina Faso, Bamako avoids nationalization of gold assets or transferring them to new partners, instead aiming to impose its terms on the present Western companies. ➡️ Stay informed - @devilsbelow