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Barrick Loses Control of Mali Gold Mine Amid Crisis

6/17/2025

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Summary

Story summary

Barrick Mining Corporation is grappling with a major blow in Mali, as the Bamako Commercial Tribunal has placed a state administrator in charge of the Loulo-Gounkoto gold mine, stripping Barrick of its operational control. This turmoil stems from strained fiscal agreements and the detention of its executives. The company is now pursuing arbitration while striving for a positive resolution with the Malian government.

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Story summary

Barrick Mining Corporation is grappling with a major blow in Mali, as the Bamako Commercial Tribunal has placed a state administrator in charge of the Loulo-Gounkoto gold mine, stripping Barrick of its operational control. This turmoil stems from strained fiscal agreements and the detention of its executives. The company is now pursuing arbitration while striving for a positive resolution with the Malian government.