Barrick said it remains committed to negotiating a ‘mutually acceptable solution’
One of the next major hurdles in Barrick Mining Corp.’s saga in Mali will be renewing a key gold mining license, after the state temporarily took over the vast Loulo-Gounkoto complex this week.
The permit for Loulo, where processing facilities are located, expires in February, shortly after the period of provisional administration is supposed to end. Barrick filed a renewal request four months ago, a spokesperson for the company said, adding that a separate license for Gounkoto runs for another 17 years.
Barrick’s woes in the West African nation experienced a dramatic escalation on Monday when a Malian court ruled that management of one of the Canadian miner’s biggest operations should be handed over to a state-appointed accountant and former health minister for six months.
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