Barrick Gold warns of potential Mali operation freeze over shipping restrictions - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Short-Lived Trump Adviser Anthony Scaramucci Mocks Vivek Ramaswamy's One-Day Tenure
user-iconAtlas Winston
side-post-image
New Allegations Surface Against Pete Hegseth Amid Senate Confirmation Process
user-iconAtlas Winston
Contact Phone:
World News

Barrick Gold warns of potential Mali operation freeze over shipping restrictions

share-iconMonday, January 06 comment-icon2 weeks ago 5 views
News sources:
reutersREUTERS
Barrick Gold warns of potential Mali operation freeze over shipping restrictions

Credited from: REUTERS

  • Barrick Gold has announced plans to suspend its operations in Mali if the government does not lift restrictions on gold shipments within a week.
  • The conflict stems from new mining rules implemented by Mali's military government, seeking to increase their share of mining revenues.
  • The Loulo-Gounkoto mining complex is crucial for Barrick, contributing approximately 14% of its projected gold output for 2025.
  • Barrick reported that an interim order against its existing gold stock could further disrupt operations at the site.
  • If shipment issues remain unresolved, Barrick faces a potential suspension of its operations, which could significantly impact earnings.

For more details, visit the original article at Reuters.

Gallery

SHARE THIS ARTICLE:

TAGS:

Barrick gold Mali Mining Gold shipments West africa Mining restrictions
author-dp

Author:

Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

nav-post-picture
date-iconJanuary 06, 2025 Thune Describes His "Evolving" Relationship with Trump as Both Seek Common Goals
date-iconJanuary 06, 2025 M23 Rebels Capture Key Towns Masisi and Katale in Eastern Congo
nav-post-picture
Related Posts
main-post-image
WORLD NEWS
South African Police Launch Manhunt for Illegal Mining Kingpin After Tragic Deaths
date-iconJan 20, 2025
main-post-image
WORLD NEWS
Manhunt Launched for Alleged Kingpin of South Africa's Illegal Mining Operations Following Arrest Controversy
date-iconJan 20, 2025
main-post-image
WORLD NEWS
Tragic Shootout at Ghana's Obuasi Gold Mine Claims Lives of Illegal Miners
date-iconJan 20, 2025
main-post-image
ECONOMY
Glencore and Rio Tinto's Merger Talks Stall Amid Coal Business Concerns
date-iconJan 17, 2025
main-post-image
WORLD NEWS
Spanish Citizen Kidnapped in North Africa Amid Ongoing Regional Tensions
date-iconJan 17, 2025
main-post-image
WORLD NEWS
Rory McIlroy Warns Tom McKibbin: Joining LIV Golf May Not Be Worth the Sacrifice
date-iconJan 15, 2025

Stay Connected

main-post-image
World News
Criticism and Curiosity: Pod Save America Reflects on Trump's Inauguration Speech
date-icon January 21, 2025
main-post-image
Politics
Starbucks Ends Open-Door Policy, Customers Must Purchase to Use Facilities
date-icon January 15, 2025
main-post-image
World News
Former Georgian Prime Minister Giorgi Gakharia Hospitalized After Violent Attack Tied to Ruling Party Members
date-icon January 16, 2025
main-post-image
Politics
Vivek Ramaswamy Departs Trump’s DOGE to Launch Ohio Gubernatorial Campaign
date-icon January 20, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Short-Lived Trump Adviser Anthony Scaramucci Mocks Vivek Ramaswamy's One-Day Tenure
user-iconAtlas Winston
side-post-image
New Allegations Surface Against Pete Hegseth Amid Senate Confirmation Process
user-iconAtlas Winston
© 2025 All rights reserved | PRESS AI WORLD