Archive · 22 Nov 2025
Barrick in Talks to Regain Control of Giant Gold Mine in Mali
Barrick Gold is trying to fix a big fight with the government of Mali so they can run their giant gold mine again.
The mine was closed for a while because of a disagreement about new mining rules and taxes.
If they make up, Barrick will get the mine back and some employees might be let go from jail.
Barrick Gold is negotiating with Mali's government to end a two-year dispute over a gold mine
The Loulo-Gounkoto mine, one of Barrick's most important assets, was shut down in January 2024
The dispute involved a new mining code and government demand for alleged back taxes
The mine was restarted under state management in September 2024
A deal could see Barrick regain control of the mine and release detained employees
- Who
- Barrick Gold and the government of Mali
- What
- Negotiating to end a dispute over a gold mine
- When
- Talks are happening now, with a potential deal soon
- Where
- Mali, West Africa
- Why
- To end a long-standing disagreement and restart the mine
Barrick Gold's Stance
Mali Government's Stance
Mining Code
Barrick Gold's Stance
Barrick wants to accept the new mining code to regain control
Mali Government's Stance
Mali government demands acceptance of the new mining code
- Mine Name
- Loulo-Gounkoto
- 2024 Gold Production
- 723,000 ounces
- Dispute Duration
- Over two years
- Mine Status (as of Sep 2024)
- Operational under state management