Barrick Gold Corporation has announced plans to temporarily suspend operations at its Loulo-Gounkoto mining complex in Mali due to ongoing shipping restrictions and escalating tensions with the Malian government.
The Canadian mining giant revealed that an interim attachment order has been placed on its existing gold stock at the complex, effectively halting exports and disrupting routine operations. Gold shipments from the site have been restricted since December, and several employees have reportedly been imprisoned amid the dispute.
The conflict stems from a contractual disagreement between Barrick and Mali’s ruling junta, following the introduction of new mining regulations in 2023.
As one of the world’s largest gold producers, Barrick’s suspension of operations marks a significant setback for both the company and Mali’s economy, which heavily relies on gold exports. The situation remains tense as both parties navigate the contractual impasse.
