Barrick Gold's (GOLD) several subcontractors at its Loulo-Gounkoto complex in Mali are laying off hundreds of employees as a two-year dispute between the company and the Malian government drags on, Reuters reported Monday, citing documents and unnamed sources.
Operations at the site have been suspended since January after authorities seized around three metric tons of gold, alleging unpaid taxes. Malian officials also shuttered Barrick's office in Bamako last week, the report said.
Subcontractors have laid off staff, suspended operations, or declared plans for liquidation, with some alleging they have not been paid by Barrick for months, according to the report.
The company signed an agreement to resolve the dispute in February, but the Malian government has yet to approve or execute it, Reuters reported.
Barrick did not immediately respond to request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。