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Barrick

The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé …

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Loulo-Gounkoto Gold Mine Complex, Mali

The Loulo-Gounkoto gold mine complex, situated in Mali, is a significant gold production venture, comprising both open-pit and underground mining operations. It is one of the world's largest gold producers and has contributed more than …

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Barrick Gold says it will be obliged to temporarily

Asante Gold's Bibiani underground feasibility confirms seven-year mine extension The post-tax net present value (5% discount rate) is estimated at $516 million with a 71% internal …

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How Mali's Growing Gold Reserves Are Reshaping Global …

According to the World Gold Council, Mali's gold production has grown steadily over recent years, placing it among the most prominent gold-producing nations globally. Foreign investors, new mining projects, and government-backed expansions have all contributed to increasing Mali's gold reserves, making the country an essential supplier in ...

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Allied Gold to Build New Mine in Mali

Canadian firm Allied Gold operates the Sadiola gold mine in Mali and received a new 10-year mining permit in 2024. The company also owns a nearby deposit which is expected to boost its production in the country. On January 7, Allied Gold signed an agreement with the Malian government to...

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Mali starts seizing gold stocks at Barrick site, company …

Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may ...

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Barrick suspends mining activities after Mali seizes $245 million gold

Barrick Gold has announced the suspension of operations at Loulo-Gounkoto complex in Mali. Tensions in Mali's mining sector have escalated due to government tightening control. Malian government claims Barrick's two mines in the country owed $5.5 billion in taxes.

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Mali

Mali is a key competitor in the global mining sector.With its gold production, ranking as the fourth largest gold producer in Africa, Mali's gold industry is the cornerstone of its economy, representing 64% of total exports and 21% of government revenue as of 2018. In spite of that, the gold sector, though vital, has faced challenges, including the closure of unproductive mines, though new ...

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Morila Gold Mine, Mali, West Africa

The Morila Gold Mine is an open-pit mining operation, which is located approximately 280km south-east of Bamako, the capital city of Mali. ... Morila Gold Mine, Mali. Based in Mali, the Morila gold mine primarily contains four pits. Project Type. Open-pit mine. Location. Mali, West Africa. Reserves. 23.8Mt at 1.4g/t for 1.07Moz. Life of Mine ...

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Mali Takes Full Control Of Yatela Gold Mine From Foreign …

The transitional government of Mali, led by Assimi Goïta, has announced the full takeover of the Yatela gold mine from foreign companies, AngloGold and IAMGOLD.. The Yatela gold mine, which began operation in 2001, was 80 per cent owned by the Sadiola Exploration Company Limited, a joint venture in which AngloGold Ashanti and IAMGOLD each had a …

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Marvel Gold's sale of Mali assets falls through

Mali's junta in 2023 adopted a new mining code that allows the government to increase its stake in existing gold mines to 35% to secure more income from foreign companies present in Mali.

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Barrick suspends operations in Mali after $245-million worth of gold

Barrick Gold Corp. ABX-T has suspended operations in Mali at one of its biggest international mines after the country's military junta seized gold from the mine in an escalating tax dispute. The ...

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Mali BCM gives Tabakoto gold mine a pick-me-up

BCM International, which put the Malian gold mine Tabakoto from Endeavour Mining at the end of 2018 with plans to run the site for around ten years, seems to be preparing a scheme to potentially extend its lifespan. BCM has hired Saudi firm Drillcorp Sahara (DCS) to carry out a series of drills on the concession with the view to find additional resources.

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Barrick Gold Halts Mine Operations After Mali Seizes Three Tons Of Gold

Loulo-Gounkoto is Mali's largest gold mine and one of Barrick's most important assets globally, second only to its flagship Carlin complex in Nevada. In 2023, Loulo-Gounkoto accounted for more than a third of Mali's formal gold exports, contributing 278 billion CFA francs ($433 million) to the nation's struggling economy, according to ...

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Benjamin Osei Akoto

Benjamin Osei Akoto is a highly experienced Mining Engineer with two decades of… · Experience: Thiess · Education: The University of Western Australia · Location: Perth · 500+ connections on LinkedIn. ... Senegal and Mali Education The University of Western Australia 2022 - 2025 ... With the iconic Telfer gold mine set for new owners and ...

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Mali's gold mining disputes and the fight for economic justice

Last month, Mali's government detained three executives involved in the gold sector from Resolute Mining, an Australian mining company. It demanded the company pay the $160m in taxes it owed to ...

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B2Gold targets higher output in 2025, says Mali mine …

B2Gold in September reached an agreement with the Mali government relating to the framework for the Fekola complex. Fekola produced 84 015 oz of gold in the fourth quarter of 2024, contributing to ...

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Canadian mining group suspends operations in African state

According to sources cited by Reuters on Monday, the government removed around three metric tons of gold worth $245 million from the mining sites and flew them out by …

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Barrick Provides Further Update on Loulo-Gounkoto …

Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the …

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Mali starts seizing gold stockpiled at Barrick's Loulo-Gounkoto mine

Barrick Gold (NYSE:GOLD) -1.4% in early trading Monday after saying Mali's military junta started executing a provisional order to seize gold stockpiled at the company's Loulo-Gounkoto mine ...

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Mali: Government starts seizing Barrick gold stock, …

Tensions in Mali's mining sector have further escalated when Mali's government has started enforcing a provisional order to remove gold stock from Barrick Gold's Loulo-Gounkoto mine complex, according to sources familiar with the matter. ... Mali has begun seizing gold at the Loulo-Gounkoto site using helicopters, with the Canadian miner ...

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B2Gold

Fekola Complex – Mali The Fekola Complex is comprised of the Fekola Mine (Medinandi permit hosting the Fekola and Cardinal pits and Fekola underground) and Fekola Regional (Anaconda Area (Bantako, Menankoto and Bakolobi permits) and the Dandoko permit) and is located in southwest Mali, on the border between Mali and Senegal, approximately 500 km due west of …

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B2Gold

B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has three operating gold mines and numerous development and exploration projects in various countries including Mali, the Philippines, Namibia, Colombia, Finland and Uzbekistan.

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B2Gold Fekola Mine: Fulfilling Mali's Golden Potential

Nestled in the heart of Mali, a country steeped in the historical riches of Mansa Musa's golden legacy, B2Gold's Fekola mine has emerged as a modern testament to the nation's enduring association with natural riches. Evoking the nation's past prosperity, the Fekola mine is a pivotal player in Africa's contemporary gold mining sector.

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Nampala Operations Robex Mali Nampala Operations

The Nampala Gold Mine is located in the Republic of Mali, approximately 250km southeast (335km by road) of the capital of Bamako, 45km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region.

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Mali's Gold Seizure Sparks Mining Tensions

Mali's government has enforced a provisional order to seize gold from Barrick Gold's Loulo-Gounkoto site, risking operations suspension. This action is part of the government's push for a larger share of mining revenues, aligning …

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Mali Enforces Gold Seizure at Barrick Gold's Mine

The new code also allows the government to collect 7.5 percent of sales revenue when gold prices exceed US$1,500 per ounce. Last year, following an audit into the mining sector, Mali began ...

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Barrick Provides Further Update on Loulo-Gounkoto Operations in Mali

Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the company remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Additionally, the interim attachment order on the gold has now been executed by the Malian government by moving the existing gold stock from the site to a custodial bank, further …

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Mali starts seizing gold stockpiled at Barrick's Loulo …

Loulo-Gounkoto accounts for 14% of Barrick's 2025 estimated gold production, while gold is Mali's top foreign currency earner, accounting for more than 80% of total exports in 2023.

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Mali seizes Canadian mining firm's gold stock over revenue …

Mali's military government seizes three tonnes of gold, valued at $180 million, from a Canadian mining giant Barrick as part of an escalating legal battle over revenue owed to the state.