Published: December 5, 2025 |

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Barrick Mining has entered into an agreement which puts an end to all of its disputes with the government of the Republic of Mali regarding the Loulo and Gounkoto mines.

All charges brought against Barrick, its affiliates, and employees will be dropped and the legal steps for the release of the four detained Barrick employees will be undertaken.

Additionally, the provisional administration of the Loulo-Gounkoto complex will be terminated, following which operational control over the complex will be handed back to Barrick. This will pave the way for a constructive path forward.

As a result of the settlement, Barrick’s subsidiaries will withdraw the arbitration claims currently pending before the International Centre for Settlement of Investment Disputes (ICSID).

Shortly after the dispute was settled, four Malian employees of Barrick Mining were released a year after they were detained in the capital Bamako amid a dispute between the company and the government.

Barrick Mining engages in the exploration, mine development, production, and sale of gold and copper properties. It has ownership interests in producing gold mines that are located in Argentina, Canada, Côte d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Mali, Tanzania, and the United States. The company also has ownership interests in producing copper mines located in Chile, Saudi Arabia, Zambia, and various other projects located throughout the Americas, Asia, and Africa. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

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