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Mali seizes gold from Barrick Gold, threatening operations, as it seeks to boost mining revenues.
Mali's government is seizing gold stocks at Barrick Gold's Loulo-Gounkoto site, prompting the company to warn it may suspend operations.
This move is part of a broader effort by Mali's military-led government to gain a larger share of mining revenues, renegotiating terms with Western miners.
Mali expects to receive $1.2 billion from miners in the first quarter of 2025 following new mining rules that aim to increase the state's revenue share.
3 months ago
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