Audio By Carbonatix
Malian tax officials have reopened Barrick Mining's office in the capital under a court-appointed administrator, after it was shuttered in April over alleged non-payment of taxes, two people close to the matter told Reuters on Monday.
It marks the first significant development since a Malian court on June 16 placed the Canadian miner's Loulo-Gounkoto gold complex under state control in a major escalation of a protracted dispute over taxes and ownership.
It named former Malian health minister, Soumana Makadji, as provisional administrator in a move that Barrick has said it will appeal.
Makadji - who is expected to restart operations at the complex soon - held a meeting with staff at the Bamako office on Monday afternoon. He said he would visit the mining site on Wednesday, according to a meeting attendee.
He said the mines should be able to finance themselves going forward once production has restarted and gold sales resume.
He was also meeting with subcontractors on Monday, three people familiar with the matter said.
Spokespeople for Barrick and for Mali's mines ministry did not immediately respond to requests for comment.
Barrick and the government have been in negotiations since 2023 over the implementation of a new mining code that raises taxes and gives the government a greater share in the gold mines.
Operations at the Loulo-Gounkoto mining complex have been suspended since mid-January after the military-led Malian government blocked Barrick's gold exports and seized three metric tons of its stocks. Barrick's main office in Bamako has been closed since April.
Latest Stories
-
Nearly 2,000 displaced, schools damaged as windstorm wreaks havoc in Gushegu
12 minutes -
Ghana’s Derrick Kohn to work under Marie-Louise Eta as she becomes first woman to coach men’s Bundesliga team
16 minutes -
Accra Open Championships conclude with strong performances ahead of African Championships
23 minutes -
Ghana to begin camping with 12 athletes after Accra Open Championships – Bawa Fuseni
45 minutes -
Anthony Joshua declines showdown with Tyson Fury but admits they ‘probably’ clash next
58 minutes -
Tyson Fury dominates Makhmudov, calls out Joshua next
1 hour -
I have supported highway authority financially to fix roads in my constituency – A Plus
2 hours -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
3 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
3 hours -
Port crises loom as 11,000 drivers threaten four-day strike
4 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
5 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
5 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
6 hours -
Bright Simons: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
7 hours -
Monetise Idiocy In Ghana
7 hours