financetom
Business
financetom
/
Business
/
Barrick Gold threatens to suspend Mali operations over blocked exports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Barrick Gold threatens to suspend Mali operations over blocked exports
Dec 16, 2024 4:43 AM

Dec 16 (Reuters) - Barrick Gold ( GOLD ) will suspend

operations in Mali if gold shipments continue to be blocked, the

company said on Monday as it struggles to reach agreement with

authorities on a new mining code in the West African country.

Conditions at the gold miner's Loulo-Gounkoto complex have

"deteriorated significantly", Barrick said, adding that

employees have been imprisoned without cause and shipments of

bullion have been blocked.

"If shipments remain suspended, Barrick will be compelled to

suspend operations, further impacting the viability of this

critical economic driver for Mali," the company said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
--Macy's Ends Deal Talks With Arkhouse Management, Brigade Capital; Shares Down Pre-Bell
--Macy's Ends Deal Talks With Arkhouse Management, Brigade Capital; Shares Down Pre-Bell
Jul 15, 2024
08:38 AM EDT, 07/15/2024 (MT Newswires) -- Price: 16.75, Change: -2.34, Percent Change: -12.26 ...
Cleveland-Cliffs Doubles Down on Steel with $2.5B Acquisition, Expects $120M in Annual Savings
Cleveland-Cliffs Doubles Down on Steel with $2.5B Acquisition, Expects $120M in Annual Savings
Jul 15, 2024
Cleveland-Cliffs Inc. ( CLF ) shares are trading lower today. The company entered into a definitive agreement to acquire Stelco Holdings Inc. ( STZHF ) for a total enterprise value of around $2.5 billion (CAD3.4 billion). Stelco ( STZHF ) is an integrated steelmaker consisting of two operational sites, both located in the province of Ontario. Stelco ( STZHF ) ships...
Heron Therapeutics Says Non-Opioid Pain Medication to be Included in Proposed Medicare Programs
Heron Therapeutics Says Non-Opioid Pain Medication to be Included in Proposed Medicare Programs
Jul 15, 2024
08:40 AM EDT, 07/15/2024 (MT Newswires) -- Heron Therapeutics ( HRTX ) said Monday that its drug Zynrelef is included as a non-opioid pain medicine in proposed 2025 Medicare programs. Zynrelef will be included under Medicare's Outpatient Prospective Payment System and the Medicare Ambulatory Surgical Center, beginning April 1. The company said Zynrelef was qualified because it is approved for...
iA Financial Buys Two Blocks of Business From Prosperity Life in the U.S.
iA Financial Buys Two Blocks of Business From Prosperity Life in the U.S.
Jul 15, 2024
08:41 AM EDT, 07/15/2024 (MT Newswires) -- iA Financial Group (IAG.TO) acquired two existing blocks of business from Prosperity Life Group in the U.S. Financial details were not disclosed. The insurance blocks are composed of Final Expense and Term Life products, amounting to over 115,000 policies and more than US$100 million in annual premiums. Prosperity's distribution network will also sell...
Copyright 2023-2026 - www.financetom.com All Rights Reserved