Barrick Mining's (B) office in Bamako has been reopened by Malian tax authorities under a court-appointed administrator, Reuters reported Monday, citing sources familiar with the matter.
The office was shut in April due to an alleged tax dispute between Barrick and the government, the media outlet reported.
Former health minister Soumana Makadji has been appointed as the temporary administrator, a move Barrick plans to challenge, according to the report.
Makadji is expected to reportedly resume operations at the site and will visit the complex later this week.
He is also set to meet with Barrick employees and subcontractors at the Bamako office on Monday, Reuters reported.
Barrick's Loulo-Gounkoto mine has been idle since January after Mali's military government halted gold exports and seized three tons of its inventory, the report added.
Barrick and Mali's Ministry of Mining did not immediately respond to a request for comment from MT Newswires.
(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.)
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