Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Mining News January 11, 2022 12:10:59 PM

Barrick Gold Says Mali Mines Unaffected by ECOWAS Sanctions

Paul Ploumis
ScrapMonster Author
According to Barrick Gold, its mines currently have sufficient stocks and stores to ensure smooth and normal operations.
Barrick Gold Says Mali Mines Unaffected by ECOWAS Sanctions

SEATTLE (Scrap Monster): Barrick Gold announced that its mines in Mali have not been so far impacted by the recent sanctions imposed by the Economic Community of West African States (ECOWAS) on the West African country.

According to Barrick Gold, its mines currently have sufficient stocks and stores to ensure smooth and normal operations. However, the company noted that the situation is extremely fluid and that it is closely monitoring it. Incidentally, Barrick owns Mali’s biggest gold mining complex.

RELATED NEWS:

Barrick Gold Subsidiary Grabbed Highly Prospective Licenses in Tanzania

Mali Gold Output to Surpass Forecast for 2021

Meantime, Hummingbird Resources announced that it is currently evaluating the risks to its supply chain due to the sanctions. The company is taking all possible measures to minimize the potential impact. Furthermore, it stated that it is too early to predict the potential impacts of the sanctions on its business.

The group of 15 countries had decided to impose tough economic sanctions on Mali, close their land and air borders with it, freeze Malian state assets in ECOWAS commercial banks and sever diplomatic ties, following the delay in holding elections as per prior agreement. The military leadership in Mali had recently proposed holding elections in the country in December 2025, instead of February 2022, as originally agreed.

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search