Barrick’s Mali Gold Complex Boosted Economic Contribution

SEATTLE (Scrap Monster): Canada-based miner Barrick Gold Corporation announced that its Loulo-Gounkoto complex in Mali has continued to be a major contributor to the country’s economy. The gold complex contributed more than $1 billion to Mali’s economy over the past twelve-month period.

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Addressing media at the mine, Mark Bristow, President and Chief Executive of Barrick Gold said that the complex is on track to meet its production guidance for the current quarter and the year. Till date this quarter, the mine complex has not recorded any lost time injuries or major environmental incidents. The mine complex, run entirely by locals, have maintained its record of delivering value to the state and the people, despite multiple changes in government and administration, he added.

The company reiterated its commitment to continue investing in the extension of mine life of Loulo-Gounkoto. It has appointed local contractors to extend Gara West and reopen the Baboto open pit. The company is in search of fresh growth opportunities within the region. As an important step in its transition to renewable energy, it has commissioned the second phase of the complex’s solar power plant expansion and its new battery storage system, the company press release said.