Mali and Barrick Reach Major Settlement to End Gold Mine Dispute

Mali Government and Barrick Resolve Major Gold Mine Dispute

On 24 November 2025, the government of Mali and global mining giant Barrick reached a landmark agreement to end a long-running dispute over the Loulo-Gounkoto gold mining complex. The conflict had escalated after Mali introduced its updated 2023 mining code, which increased the state's revenue share and tightened regulations for foreign operators. This settlement now restores stability to one of Africa’s most valuable gold assets.

A key component of the agreement is the Malian government's decision to return more than 3 metric tons of seized gold to Barrick. The authorities will also restore full operational control of the Loulo-Gounkoto complex, allowing the company to resume normal mining activities. According to Barrick, the release of detained staff members linked to the investigation is another critical step toward rebuilding trust and reestablishing safe operations.

As part of the deal, Barrick will withdraw all international arbitration cases it had filed earlier this year in response to government actions. The company has also formally accepted Mali’s updated mining code and confirmed that it will continue to operate within the revised framework.

The Loulo-Gounkoto mine remains one of Mali’s most strategic economic assets, contributing heavily to export earnings and providing thousands of jobs. The dispute had caused production disruptions and financial losses for both the government and the company. With operations now expected to return to normal, analysts predict renewed production growth, higher state revenues, and improved investor confidence.

Industry experts say this resolution sends a positive signal to the global investment community. By choosing negotiation over confrontation, both Mali and Barrick have demonstrated a commitment to long-term cooperation, stability, and responsible foreign investment. For Mali, the settlement strengthens its position as a leading gold producer in Africa. For Barrick, it ensures continued access to one of its most profitable mining complexes.

This agreement not only ends a damaging standoff but also opens the door to a more secure, sustainable future for Mali’s mining sector and its economic partners.