Barrick Gold Provides Update on Loulo-Gounkoto Operations in Mali
Barrick Gold Corporation GOLD has stated that it remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. Furthermore, an interim attachment order has been issued against the current gold stock on site,
Gold miner Barrick threatens to freeze Mali operations in escalating dispute
Canada's Barrick Gold said on Monday it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as the mining group faces what sources told Reuters amounted to a confiscation order.
Barrick Gold Warns About Production Suspension In Mali
Barrick Gold warns of potential suspension at Loulo-Gounkoto mining complex in Mali due to government's gold shipment restrictions. CEO calls situation "unwarranted" and "deeply regrettable." Other foreign miners also facing issues.
Barrick Gold Facing Mali Export Restrictions, May Halt Mine Operations
Major miner Barrick Gold (TSX:ABX,NYSE:GOLD) remains unable to export gold from its Loulo-Gounkoto mining complex in Mali due to ongoing restrictions imposed by the country's government. In a Monday (January 6) press release,
Barrick Gold Continues To Face Restrictions At Loulo-Gounkoto Complex In Mali
(RTTNews) - Barrick Gold Corp. (GOLD), Monday stated that it is now facing export issues related to existing gold stock at Loulo-Gounkoto complex in Mali, disrupting its daily operations and affecting the national economy.
Barrick to halt Mali mine amid fresh export restrictions
Barrick Gold (NYSE:GOLD) (TSX:ABX) has given Mali a week to remove gold exports limits and resolve a dispute over its Loulo-Gounkoto mining complex, in response to the country extending its shipping ban to include the site’s on-hand stock of the precious metal.
Barrick Set to Suspend Mali Operations as Gold Shipments Remain Halted
Barrick in December filed a request for arbitration to the International Centre for the Settlement of Investment Disputes over the situation in Mali. Local operations in Mali have deteriorated in recent months, with several of the mining operation's employees imprisoned and the movement of gold frozen.
'Deeply regrettable but necessary:' Barrick Gold threatens to suspend operations in Mali
The situation has further declined since then. In November, the Malian government arrested and detained four Barrick employees and issued an arrest warrant for Bristow. It has also arrested employees of other mining companies as the state seeks to overhaul its mining sector.
Barrick could suspend operations at Mali mine if shipping restrictions not resolved
Barrick Gold Corp. says if its inability to ship gold from its Loulo-Gounkoto mine in Mali is not resolved within the coming week it will have to temporarily suspend operations at the mine.
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Is Africa turning hostile to miners?
Two recent cases, in Zambia and Mali, have miners worried. Zambia imposed a 15% export duty on gemstones from the beginning ...
Canadian Firm Says Could Halt Mali Mine Operations Amid Fresh Constraints
Canadian company Barrick Gold said Monday it would be forced to temporarily suspend operations at its Loulo-Gounkoto mine in Mali if junta-imposed restrictions on gold shipments were not resolved ...
Barrick Update on Loulo-Gounkoto Operations in Mali
TORONTO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- (NYSE:GOLD)(TSX:ABX) remains restricted from shipping gold from its ...
Barrick Gold provides update Loulo-Gounkoto operations in Mali
Barrick Gold (GOLD) remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment ...