A Malian court hearing scheduled for Thursday on whether to put Barrick Mining’s Loulo-Gounkoto mining complex under provisional administration has been postponed to May 22, the president of the court said on Thursday.
Barrick Mining, previously called Barrick Gold, and Mali’s government have been at odds since 2023 over the implementation of a new mining code that raises taxes and gives Mali’s government a greater share in the gold mines.
Mali’s military government, like others in West Africa, says it wants to increase its revenue from the mining sector as it believes current arrangements are unfair and foreign multinationals must comply with its demands if they want to keep operating in the gold-rich country.
Barrick says it has invested heavily in the Malian economy over more than 20 years and accuses the government of moving its goal posts and asking for more money, as well as unfairly…
