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Mali court deals blow to Barrick Mining in dispute over gold project
By Aanu Adeoye
Financial Times, London
Monday, June 16, 2025
A court in Mali has appointed administrators to reopen a large gold mine in the country against the wishes of its owner Barrick Mining, escalating a stand-off between the Canadian company and the west African country’s military rulers.
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The judge, in the capital, Bamako, agreed to a government request that an interim board would be set up to run the Loulo-Gounkoto mine and allow operations to resume. Barrick closed the mine in January after Mali's government, which owns a 20% stake in the project, carted off gold from the mine to a custodial bank.
The ruling is a blow to Barrick, which had said it could not restart work at Loulo-Gounkoto until the government allowed it to export its gold. The mine, in the west of the country, was Barrick's second most productive gold asset last year. ...
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https://www.ft.com/content/f0201cc6-298c-456e-9073-055edf5710f0
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