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Randgold says Mali mines stay open despite tax dispute

Oct. 10, 2016 9:15 AM ETBarrick Gold Corporation (GOLD) Stock, ABX:CA StockGOLDBy: Carl Surran, SA News Editor
  • Randgold Resources (NYSE:GOLD) says its tax dispute with Mali's government has not affected operations at its three mines in the country.
  • GOLD says it is disappointed that the government escalated their long-running tax dispute to the extent of closing the company's offices in the capital city of Bamako, but its Morila, Loulo and Gounkoto mines remain in operation.
  • GOLD disclosed in August that it had been professionally advised that most of the tax claims received from the Mali government in respect of its operations in that country are without merit or foundation.

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