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Malian authorities have issued an arrest warrant for Mark Bristow, the Chief Executive Officer of Barrick Gold.
Malian authorities have issued an arrest warrant for Mark Bristow, the Chief Executive Officer of Barrick Gold. The warrant reportedly relates to disputes over mining operations in Mali, although specific details surrounding the charges have not been disclosed. This development comes as Mali, one of Africa’s largest gold producers, continues to reassert control over its natural resources.
Barrick Gold operates the Loulo-Gounkoto mining complex in Mali, a key contributor to the country’s gold production. The company has yet to release an official statement in response to the warrant. Observers note that this action could impact Barrick Gold’s activities in the region, though the extent of any disruptions remains uncertain. Mali’s Ministry of Mines and other relevant authorities have not provided additional information at this stage.
Last month, Resolute Mining CEO Terry Holohan and two employees were released after the gold miner agreed to pay around USD 160 million to settle a tax dispute with the Malian government. Mali has been under military rule since 2020, when interim leader Colonel Assimi Goita ousted the elected president, citing failures to repel Islamist insurgents. Since then, mercenaries from the Kremlin-backed Wagner Group have been deployed, while European forces and a United Nations peacekeeping mission were forced to withdraw.
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Barrick Gold’s stock was down 3% midday in New York and more than 15% so far in the fourth quarter. The company’s market capitalization is approximately USD 29.5 billion.
