Barrick Mining has asked the arbitration tribunal of the World Bank to intervene in legal proceedings in Mali, as the miner faces the possibility of the Loulo-Gounkoto mine falling under the control of the Mali government.
Barrick’s move comes as a local court in Mali is expected to rule on June 2 on the government’s request to put the Canadian miner’s gold mine under a provisional administration.
If the Mali court ruling goes in favor of the government, an individual or an organization will be assigned to take over the mine and reopen it. Barrick’s gold mine in Mali has been shut since January this year after Mali seized 3 tons of gold from its mine over non-payment of taxes. Barrick has disputed the allegations.
In a filing with the International Centre for Settlement of Investment Disputes (ICSID) made public on Wednesday, Barrick asked the arbitration tribunal for “provisional…
