Mali to Take Control of Key Barrick Gold Mine for Six Months

A Malian court ruled that Barrick Mining Corp.’s Loulo-Gounkoto gold mining complex should be placed under provisional administration for six months, handing control of one of the Canadian company’s biggest operations to state-appointed management.

The decision on Monday comes after Mali closed Barrick’s offices in the capital Bamako and warned it would take control of the mine, which has been shuttered owing to a months-long dispute over mine proceeds, unless it was reopened and tax payments made.