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Stock impact report

Friend to Foe: Mali Wants to Arrest CEO Who Made It Billions [BNN Bloomberg (Canada)]

B2Gold Corp Common shares (Canada) (BTG) 
NASDAQ:AMEX Investor Relations: b2gold.com/investors/presentation
Company Research Source: BNN Bloomberg
That hasn't always been the case. When mutinying soldiers overthrew Mali's government in 2012, the putsch leader closed the border to everyone except employees of Bristow's Randgold Resources Ltd., which was issued with permits to fly bullion out of the West African country. More than a decade later, a different military regime has issued a warrant for Bristow's arrest, as a months-long dispute over how to divide the economic benefits from the nation's biggest mine comes to a head. It's a prize worth fighting for: not only is Mali the continent's second-largest gold producer, but Barrick's Loulo-Gounkoto is a low-cost mine producing more than half a million ounces a year, putting it in a select group of so-called tier one assets. In Mali and beyond, Bristow established a reputation for thriving in African jurisdictions considered overly risky by many rivals. He piloted small planes taking investors to the mines he built from scratch, and by training local workers and avoiding e Show less Read more
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