US EditionBarrick Asks Mali to Resume Talks over Mining Dispute as Court Decision over Control Looms
- Barrick Mining Corp. Halted operations at its Loulo-Gounkoto mining complex in Mali in January following a conflict with the Malian authorities regarding control and management of the site.
- The shutdown followed escalating tensions including unlawful detention of Barrick employees, blocked gold exports, and a government request to place the mines under provisional administration.
- Barrick owns 80% of Loulo-Gounkoto, Mali owns 20%, and the complex accounts for about 15% of Barrick's production, making it a critical asset amidst ongoing negotiations.
- Barrick stated it sees "no basis" for government seizure, emphasized defending investment integrity, and awaits a June 2 court ruling that could transfer operational control to a court-appointed administrator.
- Barrick has initiated international arbitration, continues wage payments, and seeks a fair resolution to avoid long-term operational and financial risks posed by Mali's political interference.
17 Articles
17 Articles
The Hamilton Spectator
Barrick Opposes Mali Government’s Attempt To Take Over the Day-to-Day Operations at Loulo-Gounkoto, Has Continued to Support the Workforce
TORONTO, May 26, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) – A ruling by the President of the Bamako Commercial Tribunal following submissions made on May 22 by Barrick’s Loulo and Gounkoto mines opposing the Malian government’s request to…
Cora Gold reports processing optimisation at Sanankoro
Cora Gold Ltd (LON:CORA), the West African focused gold company, has announced the results of recent metallurgical test work undertaken with a view to achieving process flow sheet optimisation at its flagship Sanankoro Gold Project in south Mali. The objective of the test work has been to identify improvements to the processing flow sheet and, as a consequence, reduce operating costs over the life of mine. These efforts form part of Cora’s ongoi…
Barrick asks Mali to resume talks over mining dispute as court decision over control looms – by Niall McGee (Globe and Mail – May 27, 2025)
https://www.theglobeandmail.com/ Barrick Mining Corp. ABX-T is asking Mali to resume talks to end a bitter dispute that threatens to wrest away control of its massive gold mining operations in the country. The Canadian miner was forced to shut down its Loulo-Gounkoto complex in January amid an escalating fracas with Mali over dividing the economic benefits. ...
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