Barrick faces fresh restrictions in Mali, signals temporary suspension in coming weeks
What you need to know:
- The company said an interim attachment order has been issued against the existing gold stock at its Loulo-Gounkoto mining complex in Mali, which further prevents export and disrupts normal operations.
Canada's Barrick Gold said on Monday that it will be forced to temporarily suspend operations at its Loulo-Gounkoto mining complex in Mali in the coming weeks following fresh shipping restrictions.
The company said an interim attachment order has been issued against the existing gold stock at its Loulo-Gounkoto mining complex in Mali, which further prevents export and disrupts normal operations.
Shipments of gold have been restricted since December, and some of the employees have also been imprisoned, the company previously reported.
Barrick, the world's second-largest gold miner based on production, and the Mali junta have been in dispute since 2023 over a contract for the company based on the country's new mining rules.
Barrick owns 80% of Loulo-Gounkoto, with the Mali government owning 20%.
