Barrick CEO expects deal with Mali on new mining code by year-end
Sources cited by Reuters report that Mali is seeking around $500m in unpaid taxes from Barrick.
Politics
Gold falls after sweeping Trump win boosts dollar
Gold prices fell 2% overnight after Donald Trump won the United States presidency in an election victory that swept across the nation with more support than his 2016 win. Bullion…
Fortescue founder plugs ‘real zero’ ambitions; calls Trump an ‘economic pragmatist’
Fortescue Metals Group (ASX: FMG) founder and executive chairman Andrew Forrest says that both the mining industry and the broader world are gradually embracing the concept of “real zero” over…
Glass half-full economy powers gold higher
“Stable but underwhelming growth” is what the International Monetary Fund has projected in its World Economic Outlook, released in late October. With wars in Ukraine and on two Israeli borders…
Military Metals buys Cold War-era antimony projects to light up West’s night vision goggles
Military Metals (CSE: MILI; US-OTC: MILIF) is buying two antimony projects in Slovakia dating from the Soviet era to boost Western supplies for defence applications such as night vision and infrared…
Global Atomic expects US$295M loan for Dasa in Q1
The loan would cover 60% of the uranium project’s projected costs.
US recycles over billion dollars in gold from electronics
The United States led all nations in terms of gold recycled from discarded electronics, according a new study by London-based metals trader The Gold Bullion Company. Using waste data from…
Barrick, Mali exchange shots in US$500M tax dispute
Barrick Gold’s (TSX: ABX; NYSE: GOLD) negotiations with Mali’s military government appear to have stumbled after both sides issued claims about a Sept. 30 preliminary agreement. The West African country’s…
Left and right ‘unite’ against Rio lithium project in Serbia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) faces a crucial test this month in Serbia as leaders of a small town vote on whether to allow Europe’s largest lithium project,…
Mali seeks US$500M from Barrick for past taxes, dividends: Reuters
Authorities in Mali briefly detained four Malian staff members working for Barrick last month.
Burkina Faso ruler threatens gold licences, but Endeavour downplays comments
Endeavour Mining (TSX: EDV; LSE: EDV; US-OTC: EDVMF) and West African Resources (ASX: WAF) say their operations in Burkina Faso are unaffected after the country’s president said some mining licences may…
New Mexican president avoids open-pit ban
Mexico’s President Claudia Sheinbaum, who started this month after winning an election in June to succeed Andrés Manuel López Obrador, so far hasn’t declared she’ll act on her predecessor’s wish…