Media reports suggested earlier this year the regime was planning to seize Barrick’s massive Loulo-Gounkoto complex, one of the world’s largest gold-producing mines.
Bristow noted the current economic and political climate in Mali has prompted many exploration companies to reduce or halt their operations in the country, but didn’t comment on media speculation.
What Barrick’s boss did say is that the exodus of exploration companies could negatively affect the country’s gold production in the future.
Mali’s regulatory environment has recently undergone a significant review, resulting in the adoption of the Implementation Decree of the 2023 Mining Code last week. The improved set of rules is expected to provide a stable framework essential for investments in the mining sector.
This is the third time Bristow visits Mali since late January, emphasizing the contributions made by Barrick’s mines to nation’s economy….
