Barrick Gold has reached a deal with the Malian government to resolve a two-year dispute over its Loulo-Gounkoto mining complex. The agreement includes a $438 million payment from Barrick, release of detained employees, and elimination of export restrictions, enabling the company to resume operations. This dispute arose after a new Malian mining code increased government revenue share requirements, leading to tensions from 2023 to early 2025.
Barrick Gold (TSX: ABX, NYSE: GOLD) has reached a settlement with the Malian government after a two-year dispute regarding its Loulo-Gounkoto mining complex. The pending agreement, awaiting formal approval, includes financial compensation, regulatory commitments, and will lift gold export restrictions, allowing Barrick to resume full mining operations.
The resolution between Barrick Gold and Mali marks a significant shift in their long-standing conflict over mining operations. With a settlement involving financial compensation and the lifting of restrictions, Barrick is set to return to full operations, which is crucial for both its output and Mali’s economy which relies heavily on mining revenue.
Original Source: www.nasdaq.com
