The departure of Barrick Gold’s largest Mali contractor disrupts operations at the Loulo-Gounkoto complex amid no renewal plans.
Barrick Gold’s largest mining contractor at the Loulo-Gounkoto gold complex in Mali has ceased operations, resulting in over 600 layoffs. The move follows Barrick’s decision not to renew the existing contract, impacting local employment and mine productivity.
The Loulo-Gounkoto complex is one of Mali’s largest gold producers, contributing significantly to Barrick’s output in West Africa. The exit of the contractor raises concerns about operational continuity and potential disruptions to gold supply from the region.
No immediate market reaction was reported, but the development could pressure Barrick’s production forecasts for the year if replacements are not secured swiftly.