Barrick Gold Corp may suspend Mali operations due to government blocking gold shipments. CEO faces arrest warrant, impacting country's economy.

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Barrick Update on Mali Operations - Barrick Gold (NYSE:GOLD)

All amounts expressed in US dollars TORONTO, Dec.  16, 2024  (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) reports that although it had previously agreed on a framework to achieve a global resolution of the disputes with the Government of Mali over the Loulo-Gounkoto complex, it has to date been unsuccessful in arriving at a final resolution despite numerous good-faith attempts to negotiate and a willingness to compromise bey…

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Barrick Update on Mali Operations

Barrick Gold Corp. said Mali’s military junta has blocked shipments from the country’s largest gold mine and the company will need to halt operations at the site if they remain suspended.

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Barrick May Close Mali Gold Mine Over Dispute With Government

Mali is right to demand a greater share of revenues from mining. This is not economic malpractice. It is sovereignty.

Al Jazeera

Qatar

Mali’s gold mining disputes and the fight for economic justice

Barrick Gold Corporation (TSX: ABX) warned this week that it may be forced to suspend its mining operations in Mali if the country’s government continues blocking shipments and refuses to reach a negotiated agreement on disputes related to the Loulo-Gounkoto mining complex. The standoff arises from ongoing disagreements over the implementation of Mali’s 2023 Mining Code, which Barrick argues does not legally apply to its existing operations. Des…

the deep dive

Barrick Gold Warns of Shutdown as Mali Dispute Escalates

Barrick Gold has issued a stern warning to the Malian government, threatening to suspend operations at its Loulo-Gounkoto complex if ongoing issues, including blocked gold shipments and the detention of employees, are not resolved. The mining giant has been locked in negotiations with the Malian government over a new mining code, but the talks have reached an impasse.  The company claims that the government’s demands, including retroactive appli…

thesudantimes.com

Barrick gold faces crisis over Mali mining dispute

Barrick Gold (TSX:ABX) remains embroiled in a dispute with the government of Mali over resource distribution at the company’s Loulo-Gounkoto gold complex
The government has suspended gold shipments from the complex, which may lead to an operational shutdown 
Barrick is one of the top gold producers in the world generating over 4 million ounces in 2023
Barrick Gold stock has added 0.67 per cent year-over-year and 4.23 per cent since 2019
Barrick …

themarketonline.ca

Barrick Gold's woes continue in Mali

Barrick Gold has provided an update on its operations in Mali threatening to suspend operations if the ongoing blockade of its gold shipments persists.The post Barrick Gold warns of halting Mali operations due to blocked gold shipments appeared first on Mining Technology.

Mining Technology | Mining News and Views Updated Daily

Barrick Gold warns of halting Mali operations due to blocked gold shipments

UNLESS the blockage of gold shipments from Barrick Gold Corporation’s Loulo Gounkoto mine in Mali is lifted, Barrick will be obliged to suspend operations at the mine, CEO Mark Bristow warned on Monday. While this would be a big step for Barrick, as Loulo Gounkotois considered one of its “tier one” assets, it would be an even more serious blow to the economy of Mali. Loulo Gounkotoaccounts for 5-10% of Mali’s GDP and employs 8,000 people. In 202…

Miningmx

Barrick threatens to suspend Mali mine amid deadlock

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Mali

Barrick Warns About Destabilization In Mali, Could Halt One Of Its Largest Mines - Barrick Gold (NYSE:GOLD), B2Gold (AMEX:BTG)

Barrick Warns About Destabilization In Mali, Could Halt One Of Its Largest Mines - Barrick Gold (NYSE:GOLD), B2Gold (AMEX:BTG)

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