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Barrick Gold threatens to suspend Mali operations over blocked exports
From Reuters
Monday, December 16, 2024
Barrick Gold will suspend operations in Mali if gold shipments continue to be blocked, the company said today as it struggles to reach agreement with authorities on a new mining code in the West African country.
Conditions at the miner's Loulo-Gounkoto complex have "deteriorated significantly," Barrick said, adding that employees have been imprisoned without cause and shipments of bullion have been blocked.
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"If shipments remain suspended, Barrick will be compelled to suspend operations, further impacting the viability of this critical economic driver for Mali," the company said. ...
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