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Mali seizes 3 tons of gold from Canadian company Barrick amid dispute over share of revenue

  • Mali's government seized approximately three metric tons of gold from Barrick Gold, valued at $245 million, amid a revenue dispute.
  • Barrick Gold announced a temporary suspension of operations at its Loulo-Gounkoto mining complex following the seizure.
  • Barrick has filed for arbitration with the International Centre for Settlement of Investment Disputes regarding the government's claims.
  • The seizure reflects a trend of resource-rich nations like Mali renegotiating mining agreements for greater revenue shares.
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