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| Loulo Gounkoto dispute |
Barrick Mining and Mali’s government reached a verbal agreement in principle to resolve their Loulo-Gounkoto dispute. This development follows prolonged negotiations since 2023. Meanwhile, both sides aim to restart mining operations and restore investor confidence. As a result, the resolution could stabilize gold production and regional economic activity in Mali.
License Renewal and Operational Resumption
The agreement includes discussions on renewing Barrick’s mine license for an additional ten years. Barrick also seeks the return of three metric tons of seized gold. However, four employees remain under negotiation for release. Therefore, the company plans to resume operations while ensuring compliance with Mali’s new mining code.
Arbitration and Future Cooperation
Barrick may drop arbitration proceedings against Mali as part of the settlement. This step strengthens bilateral cooperation and reduces legal uncertainty. Meanwhile, the Loulo-Gounkoto complex could return to full production by early 2026. Consequently, gold supply chains and investor sentiment may improve in the West African mining sector.
ScrapInsight Commentary
The verbal agreement signals potential stability in Mali’s gold sector, improving investment security. If finalized, production resumption may positively influence global gold supply. Regulatory clarity also supports long-term resource management and regional economic growth.
