Barrick Gold has issued a stern warning to the Malian government, threatening to suspend operations at its Loulo-Gounkoto complex if ongoing issues, including blocked gold shipments and the detention of employees, are not resolved.
The mining giant has been locked in negotiations with the Malian government over a new mining code, but the talks have reached an impasse.
The company claims that the government’s demands, including retroactive application of the new code, are unreasonable and could severely impact the project’s viability.
The detention of Barrick employees and the blocking of gold shipments have further escalated tensions between the company and the Malian authorities.
The company has condemned these actions as unjustified and has called for the immediate release of its staff.
If Barrick is forced to suspend operations, it could have significant economic consequences for Mali, which relies heavily on the mining sector for revenue.
The move could also damage the country’s reputation as a mining destination and deter future investment.
