Mali Issues Arrest Warrant for Barrick Gold CEO Over Alleged Financial Misconduct
The Malian government has issued an arrest warrant for Mark Bristow, the Chief Executive Officer of Barrick Gold, a Canadian mining giant. The allegations against Bristow involve accusations of money laundering, as the country claims the company owes $500 million in unpaid taxes.
Barrick Gold has been a significant player in Mali’s mining industry, with a presence spanning three decades. The development highlights escalating tensions between the West African nation and international mining corporations.
This action follows a recent settlement by Resolute, an Australian mining firm, which agreed to pay $160 million in back taxes to Mali after its CEO faced arrest. These incidents suggest a growing crackdown by the Malian government on foreign companies over alleged tax disputes.
The arrest warrant signals Mali’s determination to ensure compliance with its financial regulations, particularly in its lucrative mining sector.