Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to suspend its operations in the country.

An ongoing dispute over ownership stakes in Barrick’s operation in Mali has led to the arrest of mining officials, the government’s gold seizure and the company’s shutdown of its mine.

Barrick Gold Corporation has halted its operations in Mali after the government seized gold stocks worth $245 million Cdn from the company's Loulo-Gounkoto complex.

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.

Mali’s new penal code came into effect on 13 December 2024. It equates same-sex sexual relations with indecent assault and makes it a criminal act.

Mali’s military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.

By Portia Crowe, Divya Rajagopal and Giulia Paravicini DAKAR (Reuters) -Mali began flying gold out of Canadian miner Barrick Gold's Loulo-Gounkoto complex by helicopter on Saturday, four sources close to the situation said,

Ghana's president and Mali's junta-appointed prime minister on Thursday committed to strengthening relations in the face of rising jihadist violence and instability across west Africa.

Hummingbird Resources has finalised a $16.4m (£13.43m) agreement with Mali's military-run government to operate the Yanfolila gold mine under the country’s 2023 mining code. Mali’s 2023 mining code allows the state to increase ownership in new mining projects.

Mali's military government has seized three tonnes of gold from Canadian company Barrick amid a legal battle over owed revenues. The gold, valued at USD 180 million, was transported to Bamako, Mali's capital.

Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.

“As long as we continue to build houses with wood in places that are expected to burn, the only outcome we can expect is that houses will burn,” says Michele Barbato, a professor of civil and environmental engineering at the University of California Davis. “We need to build noncombustible homes.”