Gold miner Barrick Gold Corporation announced that it has been forced to temporarily suspend operations at its Loulo-Gounkoto mining complex in Mali. This decision comes after the Malian government executed an interim attachment order on the mine’s gold stockpile, effectively preventing its shipment and sale.
The company has been unable to export gold from the site due to ongoing restrictions imposed by the Malian government. The recent action to move the existing gold to a custodial bank further exacerbates the situation, leaving Barrick with no immediate recourse.
Barrick emphasised its commitment to resolving the issue through constructive dialogue with the Malian government and all relevant stakeholders. The company stressed the importance of finding a mutually agreeable solution that ensures the long-term viability of the Loulo-Gounkoto mine and its significant contributions to Mali’s economy and local communities.