Mali has restored control of the Loulo-Gounkoto mine to Barrick Mining Corp. and will return three tons of gold to the company after the two sides resolved a years-long dispute last month.
Gold bearing rock moves along conveyor belts at the production plant for the Loulo-Gounkoto gold mine complex in Loulo, Mali.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Residential apartments and commercial buildings on the city skyline, viewed from the African Renaissance Monument in Dakar, Senegal, on Monday, Dec. 4, 2023. West Africa’s growth slowed to 3.7% this year from 3.9% in 2022 due to the global economy and higher inflation, the Economic Community of West African States said.
Senegal Finance Minister Cheikh Diba said the country’s key debt indicators are improving as the government leans on local-currency borrowing and what he termed as favorable refinancing opportunities.
Residential apartments and commercial buildings on the city skyline, viewed from the African Renaissance Monument in Dakar, Senegal, on Monday, Dec. 4, 2023. West Africa’s growth slowed to 3.7% this year from 3.9% in 2022 due to the global economy and higher inflation, the Economic Community of West African States said.
The military-led governments of Mali, Burkina Faso and Niger have launched a regional investment bank with an initial capital of 500 billion CFA francs ($895 million) to fund infrastructure, energy and agricultural projects.
Port of Mopti in Mali. Photographer: Michele Cattani/AFP/Getty Images
Nigeria’s military sent fighter jets and ground forces into neighboring Benin to support President Patrice Talon, after a group of soldiers attempted to seize control of the West African nation.
A vendor arranges newspapers featuring the image of President Patrice Talon, at a stall in Cotonou, Benin, on Dec. 8. Photographer: Olympia De Maismont/Getty Images
Benin thwarted a coup attempt by military officers who claimed to have ousted President Patrice Talon, months before national elections in which he is due to hand over to a successor.
Benin's President Patrice Talon Photographer: Eraldo Peres/AP
The International Monetary Fund is aware of bondholders’ concerns that Senegal may have to restructure its debt, the lender said this week after the latest round of talks with the West African country.
Shoppers pass clothing stalls in Sandaga market in Dakar, Senegal, on Thursday, Feb. 8, 2024. Senegal lawmakers agreed to delay presidential elections in one of Africa’s strongest democracies, raising tensions that risk destabilizing the emerging natural gas producer in a region that’s prone to military coups.
An oil tanker carrying diesel suffered four external explosions near Dakar, Senegal, its manager said, the third vessel with links to Russia to have been struck over the last few days.
Several Barrick Mining Corp. employees, who had been detained in Mali for more than a year, were released this week as part of a deal with the government, the company’s legal representative in the country said.
The open pit Gounkoto gold mine, part of the Loulo-Gounkoto mine complex, operated by Randgold Resources Ltd. is seen from above in Gounkoto, Mali, on Friday, Nov. 1, 2013. Randgold Resources Ltd., a producer of the precious metal in Africa, said there are opportunities to acquire mines on the continent as the biggest companies in the industry scale back operations in the face of lower prices.
Senegal’s sovereign bonds fell after Finance Minister Cheikh Diba flagged the country’s need for liquidity, although he described discussions with the International Monetary Fund as going well.
A general view of vendors next to a road in downtown Dakar.
Guinea-Bissau’s interim military leader pledged to crack down on the drug trade and corruption as he took office Thursday, a day after soldiers arrested President Umaro Sissoco Embaló and called for last weekend’s elections to be annulled.
Guinea Bissau Army general Horta N'Tam is sworn in as the transition leader in Bissau on Nov. 27.
Soldiers in Guinea-Bissau arrested President Umaro Sissoco Embaló and called for last weekend’s elections to be annulled, citing an alleged plot by drug traffickers and others to rig the outcome.
Soldiers patrol a street in Bissau on Nov. 26. Photographer: Patrick Meinhardt/AFP
Barrick Mining Corp. has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, as part of a deal to end a two-year dispute that shuttered one of the company’s most important gold operations, according to people familiar with the matter.
Dumper trucks collect rock ore at the the Loulo-Gounkoto gold mine in Gounkoto, Mali.
Barrick Mining Corp. struck a deal with Mali’s government to end a two-year dispute that shuttered one of the company’s most important gold mining operations. Its stock jumped to a 13-year high.
A mining truck drives through a Barrick Gold Corp. mine.
Barrick Mining Corp. is in negotiations with Mali’s government to end a two-year dispute that shuttered the company’s giant gold mine and landed employees in jail, according to people with knowledge of the matter.
Dumper trucks collect rock ore at the the Loulo-Gounkoto gold mine in Gounkoto, Mali.
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