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Barrick Gold signs agreement with Mali to end mining dispute, Reuters says
By Divya Rajagopal, Portia Crowe, and Giulia Paravicini
Reuters
Wednesday, February 19, 2025
Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost 2-year-old dispute over its mining assets in the West African country, four people familiar with the developments told Reuters on Wednesday.
Barrick has signed the agreement and it is now up to Mali's government to formally approve the deal, the sources told Reuters.
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An official announcement could come as early as Thursday. Another source said that though a deal was close, last-minute hurdles could still derail it.
The Toronto-based miner and Mali have been locked in a dispute since 2023 over the implementation of the West African country's new mining code that gives Mali's government a greater share in the gold mine.
As part of the new agreement, Barrick will pay a total of 275 billion CFA or $438 million to the Mali government, in return for the release of detained employees, seized gold, and restarting the operations at the Loulo-Gounkoto mine. ...
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