Barrick CEO Says Gold Miner Making Progress in Dispute With Mali
- Company is locked in a standoff with Mali’s military rulers
- Still a ‘lot of upside’ in gold price, CEO says in interview
Barrick Gold Corp. Chief Executive Officer Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected.
The Canadian company last month suspended operations at the vast Loulo-Gounkoto complex in Mali after the government started removing gold from the nation’s biggest mine in the latest escalation of a months-long dispute. Barrick and Mali’s military rulers are locked in a standoff over the distribution of revenue from an asset that’s key for both the company and the government.