Barrick Threatens to Halt Mali Operations over Fresh Export Restrictions

SEATTLE (Scrap Monster):  Barrick Gold Corporation provided an update on Loulo-Gounkoto operations in Mali. The business has vowed to stop doing business in the nation. This comes after the country's government issued a fresh temporary attachment order against the site's current gold stock, which is anticipated to significantly restrict exports and interfere with business operations. Note that the company's ability to ship gold from the Loulo-Gounkoto mining complex is already restricted.

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The business said in a statement in reaction to the most recent development that the temporary attachment order is unreasonable and goes against the established dispute resolution procedures.

The blockage on gold shipments will have a significant impact on the local economy, its employees, and a number of local service providers in addition to the company's activities, according to Mark Bristow, CEO of Barrick Gold Corporation. Bristow continued, "The company regrets that it will have to temporarily suspend its operations at Loulo-Gounkoto."

The business also reaffirmed its dedication to working constructively with the Mali government to resolve current conflicts amicably and reshape the partnership's future.