01:38 PM EDT, 06/16/2025 (MT Newswires) -- Barrick Mining's ( B ) (ABX.TO, B) Loulo-Gounkoto gold mining complex has been ordered to be placed under provisional administration for six months after a ruling by a Mali court as the company's tax dispute with the military government of Mali escalates.

The Associated Press reported Monday that Judge Issa Aguibou Diallo notified Barrick's lawyers of this development and also announced the appointment of Zoumana Makadji, a former minister of health of Mali, as the company's provisional administrator. The appointment takes effect within 15 days.

In a statement released earlier Monday, Barrick said, "While the (International Centre for Settlement of Investment Disputes) process is fully underway, Barrick remains committed to engaging with the Government of Mali, in parallel, to identify a constructive, mutually acceptable solution."

Barrick has been in conflict with Mali over alleged unpaid taxes and unfair contracts with past governments, Associated Press noted.

Barrick Mining ( B ) shares were last seen down $0.24 to $29.08 on the Toronto Stock Exchange.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 29.07, Change: -0.25, Percent Change: -0.85