- Malian authorities seize gold stock, prompting Barrick to halt mining activities.
- New mining code introduces resource nationalism, reshaping Africa’s mining landscape.
Abuja, Nigeria – Barrick Gold Corporation, one of the world’s largest mining companies, has begun shutting down its operations in Mali following a dispute with the government over back taxes and dividends. The Toronto-based company disclosed the decision in a note sent to investors today, explaining that Malian authorities, acting on an interim court order, seized its gold stock at the Loulo-Gounkoto mining complex and placed it under the custody of a local bank, preventing shipments.
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