Mali Government Threatens Barrick Gold Over Dispute

Mali's military government has threatened not to renew Barrick Gold Corp.'s Loulo mine concession when it expires in February 2026, amid escalating disputes over the economic benefits from the operation. Mali accuses Barrick of failing to honor commitments related to environmental and corporate social responsibility guidelines, while Barrick refutes these claims and emphasizes its intent to resolve issues amicably. In October, Barrick made a significant payment of $85 million to the Malian government as part of ongoing negotiations aimed at reaching a comprehensive settlement. The Canadian miner maintains that it has been actively engaging with the Malian authorities to ensure a fair distribution of benefits from the mines. Mali's government is reportedly seeking substantial outstanding taxes and dividends from Barrick, which could complicate their longstanding partnership. The situation remains tense as both parties prepare for talks to address these disputes.