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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (193039)11/24/2025 1:58:40 PM
From: LoneClone  Read Replies (1) of 194001
 
Barrick Mining reaches deal to settle dispute with government in Ma

bnnbloomberg.ca

By The Canadian Press
Published: November 24, 2025 at 12:13PM EST

Barrick Mining Corp. says it has signed a deal with the government of Mali to resolve their dispute over the company’s Loulo and Gounkoto mines.

The miner has been in conflict with Mali’s military rulers over alleged unpaid taxes and unfair contracts with past governments.

A judge in Mali ordered in June that Barrick’s Loulo-Gounkoto gold complex be placed under provisional administration for six months.

Under the deal announced Monday, Barrick says all charges brought against the company, its affiliates and employees will be dropped and steps for the release of the four detained Barrick employees will be undertaken.

It also says that the provisional administration of the Loulo-Gounkoto complex will be terminated and operational control will be handed back to the company.

Barrick says its subsidiaries will withdraw the arbitration claims pending before the International Centre for Settlement of Investment Disputes.
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