Barrick Says Mali Has a Week to Avoid Gold-Mine Shutdown
- ‘Attachment order’ has been issued against gold stock on site
- Company and government disagree over future revenue split
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Barrick Gold Corp. said it will have to halt mining in Mali soon if the government doesn’t stop disrupting exports and operations at its mine.
The world’s No. 2 gold producer is locked in an acrimonious dispute with the authorities in the West African nation over the distribution of revenue and profit from the vast Loulo-Gounkoto complex. A court in the military-run country even put out an arrest warrant last month for Chief Executive Officer Mark Bristow.