Mali vs. Canadian Miner: Barrick Gold Rejects Junta's Bid to Takeover Mine
Mali vs. Canadian Miner: Barrick Gold Rejects Junta's Bid to Takeover Mine | Firstpost Africa
Mali vs. Canadian Miner: Barrick Gold Rejects Junta's Bid to Takeover Mine | Firstpost Africa
Barrick Gold says it opposes Mali's move to place its mines under temporary administration, calling it unjustified. The military junta wants court control of the Loulo-Gounkoto mine — one of the world's largest gold deposits — amid a two-year dispute. Mali has already seized gold, shut Barrick's offices, and detained staff. Barrick says it's spending $15 million per month to keep operations running and blames a small group within the junta for blocking resolution. With gold prices near record highs, the question is — who will blink first?
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