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Mali Takes Control of Canadian-Owned Barrick Gold Mine over Tax Dispute

On Monday, a Mali court placed Barrick Mining's Loulo-Gounkoto gold complex under six-month provisional administration in Bamako, Mali.
The decision follows escalating conflict over alleged unpaid taxes and disputed contracts between Barrick and Mali's military government, which took power in 2020.
The court appointed former health minister Zoumana Makadji to manage operations and reopen the mine, which had been suspended since January amid export blockades and gold seizures.
Barrick said it retains legal ownership, transferred operational control to Makadji, and confirmed ICSID arbitration is underway to prevent further escalation and protect its rights.
The ruling reflects rising tensions risking Mali’s economic credibility despite Barrick’s ongoing efforts to negotiate a mutually acceptable resolution.

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Bloomberg

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Mali Court Puts Barrick Gold Mine Under Six Months State Control

A Malian court ruled that Barrick Mining Corp.’s Loulo-Gounkoto gold mining complex should be placed under provisional administration for six months, handing control of one of the Canadian company’s biggest operations to state-appointed management.

14 hours ago·United States

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Zero Hedge

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"Worst Case Outcome": Mali Places Barrick Gold's Loulo-Gounkoto Mine Into State Control

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

12 hours ago·United States

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Anadolu Ajansı

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Malian government takes over Canadian-owned Barrick Gold mine

Loulo-Gounkoto gold complex placed under 6-month provisional administration, with former Health Minister Zoumana Makadji appointed as accountant and administrator - Anadolu Ajansı

15 hours ago·Ankara, Türkiye

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Le Devoir

Center

The Gold Mine of the Canadian Giant Barrick Under Provisional Administration in Mali

Mali reformed its mining code in 2024 and demanded hundreds of millions of dollars in tax arrears from Barrick.

17 hours ago·Montreal, Canada

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Barron's

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Mali Court Strips Canadian Giant Barrick Of Gold Mine Operation For Six Months

19 hours ago·New York, United States

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France24

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Mali junta takes control of Canadian-owned Barrick Gold mine amid tax dispute

Barrick Gold’s giant Loulo-Gounkoto gold complex in Mali has been placed under the provisional administration of the country's military junta amid an ongoing tax dispute. The Canadian-owned complex is home to one of the world’s largest gold mines.

19 hours ago·France

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