Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
3 days ago · Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further preventing the shipment and sale of the ...
Exclusive: Barrick to suspend operations in Mali after gold seized
4 days ago · Mali seizes $245 million in gold from Barrick's Loulo-Gounkoto complex -sources; Court order says Barrick-run mines owe $5.5 billion to Mali's economy ministry
Barrick Update on Loulo-Gounkoto Operations in Mali
Jan 6, 2025 · Barrick remains restricted from shipping gold from its Loulo-Gounkoto mining complex in Mali. In addition, an interim attachment order has now been issued against the existing gold stock on site which further prevents its export and disrupts normal operations. Barrick believes the interim attachment order is unwarranted and is in contravention of the agreed dispute resolution mechanisms.
Barrick suspends Mali operations after government seizes gold …
3 days ago · Barrick made an $85mn payment to Mali in October and is said to have received a tax bill of about $350mn in supposed back taxes, according to people familiar with the matter.
Barrick halts operations in Mali after $245m in gold seized
3 days ago · On Jan. 6, Barrick set a seven-day deadline for Mali to remove the export limits and resolve the dispute over Loulo-Gounkoto. The complex accounts for about 14% of Barrick’s forecast output this ...
Mali holding seized Barrick gold at state-owned bank BMS, …
2 days ago · Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to ...
Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali
3 days ago · TORONTO, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining ...
Barrick to suspend operations in Mali after gold seized
3 days ago · In a separate court order, dated January 2 and also seen by Reuters on Monday, Judge Boubacar Moussa Diarra had ordered the seizure of the stock and said Mali's economy ministry claimed the two mines operated by Barrick in the country owed a total of $5.5 billion (Sh712.25 billion) to the government, a much higher figure than previously estimated.
Barrick Update on Mali Operations
Dec 16, 2024 · Since November 25, several senior members of Barrick's Malian management team have been imprisoned on unfounded charges, accompanied by concerning actions such as baseless tax and customs claims and the reported issuance of an illegitimate arrest warrant against Barrick’s President and CEO.
Barrick Gold suspends operations in Mali after $245m gold seizure
2 days ago · Reports suggest Mali previously demanded approximately $500m in unpaid taxes from Barrick, which the company denies. Barrick's quarterly earnings report indicated that the company paid $85m to the ...