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Mali, Barrick
Why Mali just seized 3 tons of gold from Canadian miner Barrick
An ongoing dispute over ownership stakes in Barrick’s operation in Mali has led to the arrest of mining officials, the government’s gold seizure and the company’s shutdown of its mine.
Barrick Gold Issues Update on Loulo-Gounkoto Operations in Mali
Barrick Gold Corporation GOLD recently stated that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Furthermore, the Malian government has executed the interim attachment order on the gold by transferring the current gold stock from the location to a custodial bank,
Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue
Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.
Mali Authorities Seize Gold in Dispute with Barrick Gold
Malian authorities have confiscated about 3 metric tons of gold from Barrick Gold's Loulo-Gounkoto mining site due to an ongoing dispute. The gold, valued at $245 million, is now held at Banque Malienne de Solidarite.
Barrick to suspend operations in Mali after gold seized
Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
Options Traders React to Barrick Gold's Mali Setback
Barrick Gold (GOLD) stock is seeing a barrage of options activity after the company suspended operations in Mali
Barrick Gold To Temporarily Suspend Mining Operations In Loulo-Gounkoto, Mali
Barrick Gold Corp. (GOLD), a Canadian miner, revealed on Tuesday that it has temporarily suspended operations at its Loulo-Gounkoto
Barrick Gold Temporarily Halts Mali Operations
Barrick Gold has temporarily halted operations in Mali after the government seized the miner's existing gold stock from its site and continues to block the shipments of gold.
Mali's Gold Seizure Fuels Tensions with Barrick
The Malian military government seized around three metric tons of gold from Barrick Gold's Loulo-Gounkoto complex, valued at $245 million. This action comes amidst a long-standing dispute over mining contracts.
Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
Barrick remains committed to constructive engagement with the Malian government and all stakeholders to find an amicable solution that ensures the long-term sustainability of the Loulo-Gounkoto mining complex and its vital contribution to Mali’s economy and communities.
Barrick to suspend Mali operations after $245M in gold seized - Reuters
Barrick Gold suspends mining operations in Mali after government seizes gold stocks from Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
Reuters
3d
Exclusive: Barrick to suspend operations in Mali after gold seized
In a letter to the Malian government on Monday,
Barrick
said the seizure meant it would now be "obliged" to temporarily suspend
mining
operations at the Loulo and Gounkoto mines. The seized gold ...
3d
Barrick Gold Is Attractively Priced And Has A Healthy Growth Profile
Barrick Gold, one of the largest gold mining companies around, has a globally diversified portfolio of mines. Click here ...
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