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Investing.com -- Operations have restarted at Barrick Mining Corp.’s Loulo-Gounkoto gold complex in Mali for the first time in over nine months, according to Bloomberg, citing sources familiar with the matter.
The mining giant had shut down the massive gold mine in January after Mali’s military-led government blocked exports, seized gold, and detained senior employees. The dispute reached its lowest point in June when a court appointed Soumana Makadji, an accountant and former health minister, to manage the mine for at least six months.
Production activities resumed at the site late last week following an agreement to restart payments to contractors, which had been suspended when Barrick halted operations. These contractor payments had been on hold since the January shutdown.
The state administrator took over the asset in June as part of the government’s intervention in the operation of one of Mali’s most significant mining projects.
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