Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company’s Loulo-Gounkoto complex and flew them out by helicopter over the weekend.
Around three metric tons had been taken from the mining complex in western Mali on Saturday, two sources told Reuters on Monday, with one putting the value of the gold at $245-million. In a letter to the Malian government on Monday, Barrick said the seizure meant it would now be “obliged” to temporarily suspend mining operations at the Loulo and Gounkoto mines.
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