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Barrick will pay Mali $430 million to settle gold mine dispute
By Katarina Hoije and William Clowes
Bloomberg News
Tuesday, November 25, 2025
Barrick Mining Corp. has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, as part of a deal to end a two-year dispute that shuttered one of the company's most important gold operations, according to people familiar with the matter.
Under the settlement, Barrick is due to pay 144 billion CFA francs within six days of signing the agreement with Mali's government, the people said, asking not to be identified because the matter is private. Another 50 billion CFA francs will come via VAT-credit offsets, while an installment of the same size was already paid last year, the people said.
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The Canadian company will regain operational control over the Loulo-Gounkoto complex and withdraw its arbitration claims against the West African country, Barrick said in a Monday statement. Mali, in turn, will drop its charges against Barrick and take legal steps to release four employees jailed during the dispute with the government. ...
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