In a dramatic twist that could shake the global gold industry, Mali has issued an arrest warrant for Mark Bristow, the CEO of Barrick Gold Corporation, one of the world’s largest mining companies. According to local news outlets, the West African nation accuses Bristow of money laundering and breaking financial rules that govern the region.
Cheick Abass Coulibaly, the general manager of Barrick’s mining operations in Mali, is also facing arrest. These charges come amid a heated dispute between Barrick Gold and Mali’s government over unpaid taxes and growing demands for a fairer share of the country’s gold wealth.
A Nation Rich in Gold but Hungry for Revenue
Mali is one of Africa’s leading gold producers, with massive mining operations like the Loulo and Gounkoto mines. These mines are 80% owned by Barrick Gold and 20% by the Malian government. Gold is crucial to Mali’s economy, but the government, led by a military junta since a 2020 coup, has been pushing for more revenu...
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