BAMAKO, June 16 (Reuters) - A court in Mali has ordered
the appointment of a provisional administrator for Barrick
Mining's ( B ) Loulo-Gounkoto gold complex, a presiding judge
said on Monday.
Soumana Makadji, a former health minister, will take over as
provisional administrator for a period of six months, the judge
said.
The mine has been suspended since January due to a standoff
between the Canadian miner and Mali's government over taxes and
ownership.
The government, a shareholder in the Loulo-Gounkoto gold
mining complex, in May asked the Bamako Commercial Court to
appoint an administrator, signalling its desire to reopen the
complex amid record-high global gold prices.
Barrick shares were trading down 0.7% in Toronto in early
Monday trade.
Barrick did not immediately respond to an emailed request
for comment while a spokesperson for Mali's mines ministry
declined comment.