Loulo-Gounkoto complex. (Image by Barrick Gold).
Malian prosecutors have appealed a judge’s order to release four employees of Barrick Mining (NYSE: B) on bail, extending the legal uncertainty around the Canadian miner’s operations in the country, Bloomberg reported on Thursday.
The employees — including a regional manager detained late last year — will remain in jail until the Court of Appeal reviews the prosecution’s case, according to people familiar with the matter. The judge had set bail at 50 billion CFA francs (about $90.3 million), an unusually high sum, one of the people said.
The arrests in November 2024 were tied to allegations of money laundering, terrorism financing and tax-related offenses. Barrick has denied the claims, saying the detentions are part of escalating pressure from Mali’s military-led government over the company’s operations at its flagship Loulo-Gounkoto gold…
