Loulo-Gounkoto operation. (Image courtesy of Barrick Gold).
Mali’s government plans to restart operations at the Loulo‑Gounkoto gold complex under a court-appointed temporary administrator after seizing control earlier this month, according to a report by Bloomberg News on Thursday.
The move follows a Malian court decision to suspend Barrick Mining Corp.’s management amid an escalating dispute over new mining code and unpaid taxes.
Mali’s Tribunal de Commerce ordered on June 16, 2025, that the Loulo‑Gounkoto complex be placed under provisional state administration for six months, appointing former health minister Soumana Makadji as administrator.
Barrick had suspended operations in mid‑January after authorities blocked gold exports, detained staff, and seized three tonnes of bullion.
On Monday, Malian tax authorities reopened Barrick’s Bamako office under Makadji’s…
