Barrick Gold CEO Mark Bristow at the Investing in African Mining Indaba in Cape Town, South, in February. Share Save for later Please log in to bookmark this story. Log In Create Free Account

Barrick Mining Corp. ABX-T is taking a more than US$1-billion writedown on its Malian operations as a dispute that shut down its biggest African mine shows few signs of a resolution.

Toronto-based Barrick on Monday in a release accompanying its second quarter results said that it reduced the carrying value of its 80-per-cent share in the Loulo-Gounkoto complex by US$1.035-million.

A Mali court in June gave the west African country permission to seize operational control of the site. Relations between the big Canadian gold miner and Mali had been steadily deteriorating in th

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