Mali Issues Arrest Warrant For Mining Ceo

Reuters reported on 5 December that Mali issued an arrest warrant for Mark Bristow, CEO of Canada-based mining giant Barrick Gold, for money laundering and violating financial regulations. This came after Bristow’s statement in November that the company would resolve its issues with the Malian government by year’s end.

Mali reportedly also issued an arrest warrant for Cheick Abass Coulibaly, general manager of Barrick Gold’s Loulo-Gounkoto mining complex.

Shortly after the news broke, Barrick Gold’s value plunged 2.9 per cent on the Toronto Stock Exchange.

Bristow, a South African national, frequently travels between Britain and the United States and last visited Mali in July, according to the company.

Mali is Africa’s third-largest gold producer and aims to increase revenues as gold prices rise. Since ousting Western-aligned leaders in recent years, the Alliance of Sahel States (AES)—comprised of Burkina Faso, Mali and Niger—has undergone a decolonisation process that includes reclaiming natural resources.

SOURCES

https://www.reuters.com/world/africa/mali-issues-arrest-warrant-barrick-gold-ceo-document-shows-2024-12-05/?taid=67520faa555a1b0001ad834f&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

https://www.reuters.com/markets/commodities/frances-orano-says-it-has-lost-control-uranium-mine-niger-2024-12-04

https://www.reuters.com/world/africa/mali-junta-arrests-four-employees-barrick-gold-say-sources-2024-09-27

https://www.miningweekly.com/article/mali-issues-arrest-warrant-for-barrick-gold-ceo-2024-12-06

https://www.cnbcafrica.com/wire/654493

https://www.barrick.com/English/news/news-details/2024/barrick-confirms-arrest-of-four-malian-employees-reaffirms-commitment-to-resolution-of-disputes/default.aspx

https://finance.yahoo.com/news/four-barrick-gold-employees-face-101705170.html

https://finance.yahoo.com/news/mali-issues-arrest-warrant-barrick-153351282.html