Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
2 days ago · Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the ...
Barrick Gold suspends operations in Mali after government seizes gold …
14 hours ago · Loulo-Gounkoto accounts for around 14 per cent of Barrick's estimated 2025 gold output, while gold is Mali's top foreign currency earner, accounting for more than 80 per cent of total exports in 2023.
Barrick suspends Mali operations after government seizes gold …
1 day ago · The mine, one of the country’s biggest that employs 8,000 people and accounts for between 5 and 10 per cent of Mali’s GDP, produced Barrick’s second-biggest output of gold in 2023 after ...
Exclusive: Barrick to suspend operations in Mali after gold seized ...
2 days ago · Mali seizes $245 million in gold from Barrick's Loulo-Gounkoto complex -sources; Court order says Barrick-run mines owe $5.5 billion to Mali's economy ministry
Mali holding seized Barrick gold at state-owned bank BMS, …
23 hours ago · Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to ...
Barrick Update on Loulo-Gounkoto Operations in Mali
Jan 6, 2025 · Barrick remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment order has now been issued against the existing gold stock on site which further prevents its export and disrupts normal operations. Barrick believes the interim attachment order is unwarranted and is in contravention of the agreed dispute resolution mechanisms.
Barrick to suspend operations in Mali after gold seized
2 days ago · In a separate court order, dated January 2 and also seen by Reuters on Monday, Judge Boubacar Moussa Diarra had ordered the seizure of the stock and said Mali's economy ministry claimed the two mines operated by Barrick in the country owed a total of $5.5 billion (Sh712.25 billion) to the government, a much higher figure than previously estimated.
Mali seizes 3 tons of gold from Canadian company Barrick amid …
2 days ago · Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.
Barrick to Shutter Mali Gold Mine as Standoff Escalates
2 days ago · Barrick Gold Corp. said it’s suspending mining operations in Mali after the government started removing gold from the nation’s biggest mine in the latest escalation of a months-long dispute.
Barrick Update on Mali Operations
Dec 16, 2024 · Toronto – 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...