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Gold dispute: Mali and Canada's Barrick announce the end of their months-long dispute

26/11/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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On Monday, November 24, the junta in power in Mali and the Canadian gold company Barrick have announced the end of their dispute lasting several months, over one of the most important gold deposits to the world whose provisional administration Bamako obtained in June.

The Canadian industrialist and the Malian state engage For months, there has been a tug of war around the Loulo-Gounkoto complex (west), the largest gold mine in the country, 80% owned by the mining group and 20% by Mali.

In the name of the country's economic sovereignty, the Mali, led by soldiers after two coup d'État in 2020 and 2021, recently reformed its mining code. He asked for hundreds of millions of dollars in arrears in taxes at Barrick.

In a statement released Monday evening, the ministry Malien des Mines confirms having “concluded a settlement agreement with the Barrick Gold company ending the operating dispute” of the Loulo-Gounkoto gold mine.

"The agreement marks the End of a period of conflict between the mining company and the government Malian”, adds the text, which refers to an “agreement to exit from crisis”.

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