TORONTO, Canada
Barrick Gold Corporation today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali.
As a result, Barrick has
regrettably initiated the temporary suspension of operations while it continues
to work towards a resolution.
In a press released to media
outlets today January 14, the Canadian miner confirmed that the Malian Junta
government has prevented the shipment and sale of gold by moving the existing
gold stock from the site to a custodian bank.
ALSO READ: Mali starts seizing gold stocks at Barrick site, company memo says
“Additionally, the interim
attachment order on the gold has now been executed by the Malian government by
moving the existing gold stock from the site to a custodial bank, further
preventing the shipment and sale of the gold.” Barrick said in the statement
without quoting the volume of the seized gold.
Barrick insists that it remains
committed to constructive engagement with the Malian government and all
stakeholders to find an amicable solution that ensures the long-term
sustainability of the Loulo-Gounkoto mining complex and its vital contribution
to Mali’s economy and communities.
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