Barrick Gold Threatens to Suspend Mali Operations

The Loulo-Gounkoto complex's conditions have significantly deteriorated, according to the firm.

SEATTLE (Scrap Monster): In the most recent development in its standoff with the Malian government, Canadian miner Barrick Gold issued a warning on Monday that if gold shipments are still denied, it may have to halt operations in the nation. It should be mentioned that the conflict has already resulted in arrest warrant being issued to the company's CEO, Mark Bristow, and the incarceration of four of its workers.

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According to a news release from the corporation, it had previously agreed on a framework for resolving the conflicts surrounding the Loulo-Gounkoto complex on a global scale. Nevertheless, despite multiple attempts, it has failed to reach a definitive resolution. The business said that it had even been prepared to make concessions beyond its legal rights, but in vain.

The Loulo-Gounkoto complex's conditions have significantly deteriorated, according to the firm. It stated that Barrick's workers had been imprisoned without cause. Additionally, shipments of bullion from the complex are blocked by federal authorities.

The Mines Ministry of Mali's official spokesperson, meanwhile, chose not to comment on the situation.

For a number of months, the Canadian miner has been negotiating a new mining code with Malian authorities.

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