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For years, Canadian mining giant Barrick Gold Corp. has seen its acquisition of a major gold mine in the West African nation of Mali pay off big time. But now, it's become a big-time headache.
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Gold dominates Mali's natural resource sector, and Mali is at least the fourth largest gold producer in Africa, with some reports placing it third. Gold is by far Mali's most important …
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Authorities say the collapse of an illegally operated mine in western Mali killed 48, and the search for victims is still going.
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A gold mine has collapsed in the east of Mali, leaving a preliminary death toll of 42 and many injured, according to Malian national television and local authorities.
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Notably, Barrick Gold, Mali's largest investor, has faced severe repercussions, including the seizure of $250 million worth of gold from its Loulo-Gounkoto mine and a halt in operations. Furthermore, executives of non-compliant companies, such as Barrick's Mark Bristow, have been targets of legal actions and detentions.
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BAMAKO, Mali — At least 43 people, mostly women, were killed after an informal gold mine collapsed in western Mali on Saturday, the head of an industry union said.
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Fekola Mine in Kayes, was the largest mine in Mali, producing approximately 6.57 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) and primarily produced gold (567.8 thousand ounces) in 2021. The Fekola Mine is owned by B2Gold Corp;Government Of Mali, and is due to operate until 2034. The second largest mine with approximately 4.75 mmtpa of ROM and …
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Mali Tightens Its Grip on Gold: A Clash Between the State and Mining Giants Mali, one of Africa's largest gold producers, is undergoing a radical transformation in its mining sector.
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At least 48 people were killed in the collapse of an illegally operated gold mine in western Mali Saturday, local sources told AFP. "The toll at 1800 today is 48 dead following the collapse," said a local police source. "Some of the victims fell into the water. Among them was a woman with her baby on her back."
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Canadian miner Allied Gold has entered a strategic partnership with Ambrosia Investment Holding, a United Arab Emirates (UAE)-based investment fund, to unlock immediate value from its Sadiola gold mine in Mali and strengthen the company's financial position.
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Toronto – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ... Over 29 years, Barrick has invested more than $10 billion in Mali, with its mines contributing 5% to 10% of the country's GDP annually. In 2023 alone, Barrick contributed over $1 billion to the economy. Loulo-Gounkoto remains one of Mali's largest taxpayers and employers, with 97 ...
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Exploration. B2Gold has allocated approximately $9 million to other grassroots exploration programs in 2025. This includes $2 million (7,200 meters) in Kazakhstan, $2 million in Finland and $1 million (1,000 meters) in Cote d'Ivoire.
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BAMAKO, Mali (AP) — Mali said on Wednesday it was suspending licenses for foreign artisanal gold mining companies after a series of fatal accidents in the West African country, one of Africa's top three gold producers.
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Mali's industrial gold production plunged 23% to 51 metric tons last year from 66.5 tons in 2023, the West African country's mines ministry said.
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A landslide has engulfed a group of women gold miners in Mali, killing several of them, the office of the governor of the West African country's Koulikoro region said Thursday.
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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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BAMAKO, Mali (AP) — A gold mine collapsed in eastern Mali, killing dozens of people and injuring many more, according to Malian television and officials in the Kéniéba district where the ...
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Mali is one of the world's largest gold producers, but much of its mining activity is unregulated. Many miners use unsafe methods to extract gold, leading to frequent accidents and fatalities.
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Mali's ruling junta had previously announced it would delay the ... The fine relates to 17 separate incidents between 2021 and 2023 at the now-closed Nickel Plate gold mine. March 15, 2025 | 01:58 pm
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Barrick Gold's CEO Mark Bristow has said operations at its shuttered Loulo-Gounkoto mine in Mali will restart once the country's junta authorities allow it to resume gold shipments. Operations at the site were halted in January 2024 after the Malian government blocked gold shipments and seized approximately $245 million worth of gold.
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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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A gold mine has collapsed in the east of Mali, leaving a preliminary death toll of 42 and many injured, according to Malian national television and local authorities
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At least 48 people were killed in the collapse of an illegally operated gold mine in western Mali Saturday, local sources told AFP.
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At least 48 people were killed in the collapse of an illegally operated gold mine in western Mali Saturday, local sources told AFP. "The toll at 1800 today is 48 dead following the collapse ...
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Accidents are common in Mali as much mining activity is unregulated, with miners using unsafe methods to dig for gold, one of the biggest gold producers in the world. At least 48 people died in the collapse of an illegally operated gold mine in western Mali, according to authorities and local sources.
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In January, a landslide at a gold mine in southern Mali killed at least 10 people and left many others missing, most of them women. Just over a year ago, a tunnel collapsed at a gold mining site in the same region as Saturday's landslide, killing more than 70 people.
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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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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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Additionally, the Kayes region in western Mali is known for its small-scale mining operations and has always faced issues related to illegal extraction. It should also be noted that this is the second deadly mining accident in Mali in the past month. Last month, at least 10 people died in a gold mine collapse in the Danga region due to a landslide.
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Allied Gold (TSX: AAUC) has signed a preliminary agreement with Mali for a 10-year permit on its Sadiola mine and production from the nearby Diba deposit while the military government imposed ...
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