Reported 3 days ago
Mali's court-appointed administrator plans to sell one metric ton of gold from the Barrick Mining's Loulo-Gounkoto complex to fund operations after a six-month suspension. This follows the Malian government's seizure of gold stocks, leading to a standoff with Barrick over tax disputes and new mining regulations. The sale, worth approximately $107 million, is intended to cover operational expenses such as salaries and contractor dues, but raises concerns about the future management of the mine without Barrick's involvement.
Source: YAHOO