A Mali court places Barrick’s Loulo-Gounkoto complex under state control

The Bamako commercial court named a former health minister as provisional administrator of the gold complex for six months. Barrick said it would appeal. The complex had accounted for 14% of the company’s gold output.

Why it matters. When the host state takes over operations, the owner keeps the asset on paper but loses its cash flow.

Source

Mining Weekly

In the course

Module 10: Risk and jurisdiction