Barrick Suspends Mali Gold Operations as Standoff Escalates
- Dispute centers on asset that’s key for company and government
- Other miners in Mali have reached settlements with the state
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Barrick Gold Corp. said it’s suspending mining operations in Mali after the government started removing gold from the nation’s biggest mine in the latest escalation of a months-long dispute.
The world’s No. 2 gold producer is stopping activity at the vast Loulo-Gounkoto complex, the firm said in a statement on Tuesday. The move comes about a week after the company warned it would be forced to take such action if the authorities in the West African country continued to restrict exports and disrupt operations.