EXECUTIVE SUMMARY –
Four Malian employees of Barrick Mining have been released after a year in detention following an agreement that resolved a protracted dispute between the company and Mali’s government over the country’s new mining code. The deal ends a two-year standoff related to revenue-sharing at the Loulo-Gounkoto gold complex, where rising gold prices had intensified negotiations.
Keywords:
Barrick Mining, Mali, employee release, mining code dispute, Loulo-Gounkoto, gold mining, revenue sharing, gold prices, government agreement, detention, Canada
Reuters | November 29, 2025 |
Four Malian employees of Barrick Mining have been released a year after they were detained in the capital Bamako amid a dispute between the company and the government, three sources told Reuters on Saturday.
The two sides had been in a standoff over the implementation of the West African country’s new mining code that gave Mali a bigger share of revenue from gold miners as gold prices surged to a record high.
The Canadian miner said on Monday it had reached an agreement with Mali’s government to resolve all disputes over the Loulo-Gounkoto gold mining complex after two years of negotiations.
The agreement included Mali releasing the four employees from prison, where they had been held since November 2024, according to a statement from the company.
The sources who confirmed the release asked not to be named because they were not authorized to discuss the matter.
(By Portia Crowe and Nellie Peyton; Editing by Andrew Heavens)
SOURCE: https://www.mining.com/web/barrick-employees-released-from-mali-prison-after-deal/
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