Mali Starts Executing Order to Seize Gold Stocks at Barrick Mine
- Authorities started executing order on Jan. 11: Barrick memo
- Dispute escalates over mine revenues in West African nation
The open pit Gounkoto gold mine, part of the Loulo-Gounkoto mine complex.
Photographer: Simon DawsonThis article is for subscribers only.
Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.
The authorities started executing the order on Jan. 11 against gold stockpiled at the Loulo-Gounkoto operations, according to a Barrick memo seen by Bloomberg. The order was issued a week ago, according to the Canadian miner.