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Mali and Barrick reset ties over $900 million gold asset with 10-year deal
By Segun Adeyemi
Business Insider Africa, New York
Monday, February 16, 2026
Mali's military-led government has approved a draft decree extending the operating permit for Barrick Mining's Loulo-Gounkoto gold complex by a further 10 years, marking a decisive end to a prolonged dispute that unsettled one of Africa's most important gold assets.
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The renewal follows a November agreement that resolved tensions triggered by Mali's 2023 mining code, which increased taxes and expanded state participation in extractive projects.
Under the settlement, Canadian-based Barrick Mining withdrew its arbitration case at the World Bank dispute tribunal while Mali dropped legal charges against the company and its affiliates, released detained staff, and restored operational control of the mine.
Mali's leader said the agreement "restores stability and clarity" to a sector that underpins national revenues, reinforcing the government's message that reforms will be enforced but negotiated outcomes remain possible. ...
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