Barrick Mining Corp.'s Loulo-Gounkoto gold mining complex should be placed under provisional administration for six months, handing control of one of the company's biggest operations to state-appointed management, a Malian court ruled.
BreakdownGenerated by LeadStory AI
- A Malian court ruled that Barrick's Loulo-Gounkoto gold mine will be under provisional administration for six months.
- Control of the mine will be transferred to state-appointed management as part of an ongoing dispute. 9s
- Mali has previously blocked gold exports, arrested employees, and seized gold from Barrick's operations. 51s
- Barrick is contesting the decision and pursuing international arbitration. 1m 14s
- The Loulo-Gounkoto mine is a major asset for Barrick, and the company remains open to negotiating with the Malian government. 1m 54s