The Globe and Mail reports in its Tuesday edition that Barrick Gold says it will be forced to shut down its operations in Mali within a week if the military junta continues to restrict its gold exports from the West African country. The Globe's Geoffrey York writes that Barrick disclosed on Monday that the regime had imposed yet another restriction on the company's operations by issuing an interim attachment order on its existing gold stock at its Loulo-Gounkoto mining complex. The attachment order effectively means that the Malian government could be authorized to confiscate Barrick's gold stocks in the country. The export restrictions, announced last month, are blocking any gold shipments from Barrick's mining complex in Mali. The attachment order will further limit Barrick's exports and will disrupt its normal operations, the company said. At the same time, Malian authorities have imprisoned several of Barrick's senior employees in the country. The complex in Mali is one of Barrick's biggest mining operations and accounts for about 14 per cent of its earnings before interest, taxes, depreciation and amortization (EBITDA). A military junta took power in a military coup in 2021 and has forged close links to Moscow.
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