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Mali problems arrest warrant for Barrick Gold CEO, file shows

Mali has issued an arrest warrant for Mark Bristow, ceo of Canada's Barrick Gold , according to a file seen , verified by two sources.

Tensions between Mali, one of Africa's top gold manufacturers, and miners operating in the nation, have actually escalated after the nation revised its mining code with the aim of getting more profits from the companies.

It detained four senior local employees of Barrick

in September

over the conflict.

Barrick CEO Mark Bristow told Reuters

in early November

that the world's No. 2 gold miner was confident of solving claims and disputes with authorities before the end of the year.

But later on that month,

the company said

4 staff members had actually been charged and detained pending trial in Mali.

Bristow is implicated of cash laundering and infraction of financial regulations, the warrant document dated Dec. 2, initially reported by Malian media, and seen , showed.

Barrick said the business will not be commenting on the reported arrest warrant.

(source: Reuters)