Barrick Gold CEO Announced Progress in Dispute with Mali

SEATTLE (Scrap Monster):  Mark Bristow, the CEO of Barrick Gold Corporation, declared that the corporation had achieved headway in its conflict with the military government of Mali. However, the advances have not come as fast as the company expected, he said.

The mining giant had initiated a temporary suspension of operations at its Loulo-Gounkoto complex in Mali following the execution of the interim attachment order, which resulted in transferring of existing gold stock at the complex to a custodian bank. Around three tons of gold were seized from the mining complex and moved to the state-owned Banque Malienne de Solidarite (BMS) in Bamako.

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Bristow demanded that the nation's mining sector be more consolidated. Too many nations are currently operating with insufficient resources. According to him, the business plans to keep expanding naturally and repurchase stock.

Bristow stated that there is still a lot of upside potential in gold, referring to the record-high prices that have followed the trade conflict between Washington and Beijing. Due to the White House's policies and the escalating geopolitical tensions worldwide, gold has become the ultimate store of value.