Dec 13, 2023 · The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé River. Société des Mines de Loulo SA (Loulo) owns the Loulo gold mine, and Société des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine.

2 days ago · Barrick Gold Corp. chief executive officer Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected.

Jan 14, 2025 · 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 ...

It wants Barrick to pay 125 billion CFA francs ($199 million) in back taxes, according to a source familiar with the situation. If a deal is finalised, Mali would return the seized gold and ...

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.

Jan 13, 2025 · 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 disputes financial demands by ...

Jan 28, 2025 · The standoff compelled Barrick to halt operations at its Loulo-Gounkoto mine in Mali as the government seized gold stockpiles and issued an arrest warrant for chief executive Mark Bristow. While the West African nation’s military junta has yet to disclose exactly what it’s demanding from Barrick, the Canadian company has offered to pay ...

Jan 15, 2025 · The new government says that Barrick owes more than $500 million in back taxes, and earlier this month, a judge in Mali ordered the seizure of the gold. On Monday, $245 million in bullion was ...

Jan 14, 2025 · The mine, one of the country’s biggest that employs 8,000 people and accounts for between 5 per cent and 10 per cent of Mali’s GDP, produced Barrick’s second-biggest output of gold in 2023 ...

Jan 6, 2025 · Barrick, whose Loulo-Gounkoto mining complex in Mali accounts for around 14% of its 2025 estimated gold output, has been in a dispute with the country's government over a contract based on new ...