Market Chatter: Barrick Mine Administrators to Resume Blasting at Mali Underground Mine

MT Newswires Live
10/10

Barrick Mining's (B) court-appointed provisional administrators for its Loulo gold mine in Mali have resolved the unpaid bills of subcontractors Sandvik and Maxam, allowing the resumption of blasting activities, Reuters reported Friday, citing two sources familiar with the matter.

Blasting is scheduled to restart at the underground mine on Oct. 15, while operations at the open pit mine remain suspended as the main subcontractor has not been paid, the report said.

Barrick paused operations at the mine in January. Talks continue between Barrick and Mali's military-led government in a bid to resolve a dispute over a new mining code, while the World Bank's arbitration court is expected to rule on the provisional administration's legitimacy this month, Reuters reported.

Barrick, Sandvik, Maxam, World Bank's arbitration court, and the Malian government did not immediately respond to MT Newswires' request for comment.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10