Mali to get $1.2 billion from miners after talks
Mali’s military leadership has taken a harsh stance against international miners with an extensive overhaul of the sector in recent years.
Canadian Barrick Gold (NYSE, TSX: ABX) announced Thursday three of its South American executives have resigned, Reuters reports.
Guillermo Calo, president for South America, along with Robert Mayne-Nicholls, the general director of operations, and Rodrigo Jimenez, the regional vice-president for corporate affairs, have quit the unit.
Calo, an Argentinian, started with the company last July.
Earlier in April, a Chilean court suspended Barrick’s $8 billion Pascua-Lama project, which lies on the border of Chile and Argentina.
Mining industry sources have claimed the mountainous project was poorly managed.
Related: Chilean court halts Barrick’s contentious Pascua-Lama project
Image courtesy Barrick Gold
