- 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.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
