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Mali selling gold from mine seized from Canadian firm
Authorities in junta-led Mali are selling gold from a major mine seized from Canadian firm Barrick last month, with the aim of restarting operations, official sources told AFP Thursday. A court ruled in June that the western Loulo-Gounkoto mine, one of the world’s largest gold complexes, would be managed for six months by a government appointed official instead of the Toronto-based firm. No mining had taken place at Loulo-Gounkoto since January when Malian authorities seized some three tonnes of gold from the mine’s reserves. The new administrator is selling some gold stock to finance the restarting of ... (full story)