The Loulo-Gounkoto Gold Mine is a mining complex in western Mali, near Senegal and on the Falémé River.[1] Owned by Canadian company Barrick Mining, in 2025 there are legal proceedings about control.[2][3]
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Mali's government blocked gold exports.[4] In 2025 it took control of the gold mines and seized gold from the complex.[5][6]
Barrick closed the mine in January 2025 after Mali's government seized gold from it.[7] The complex had produced 15 percent of Barrick's gold output.[8] In November 2025, the government and Barrick announced an agreement to reopen the mine under Barrick.[9]
References
edit- ↑ "Barrick Mining Corporation - Operations - Loulo-Gounkoto". www.barrick.com.
- ↑ "Mali hearing on Barrick's Loulo-Gounkoto gold complex adjourned to June 16". Reuters. 12 June 2025.
- ↑ Venditti, Bruno (June 16, 2025). "Barrick to appeal Loulo-Gounkoto administrator appointment".
- ↑ "Mali to take control of Barrick's Loulo-Gounkoto gold mine for six months (B:NYSE) | Seeking Alpha". 16 June 2025.
- ↑ Ekanem, Solomon (July 9, 2025). "Mali to sell over $100 million in seized gold from disputed mining site". Business Insider Africa.
- ↑ Lorinc, Jacob (July 10, 2025). "Mali Helicopters Land at Barrick Mine, Leave With $117 Million of Gold" – via www.bloomberg.com.
- ↑ Adeoye, Aanu; Hodgson, Camilla (July 13, 2025). "How mining companies are adapting to newly assertive African states".
- ↑ "Gold from Barrick's Loulo-Gounkoto complex to finance Mali operations". Yahoo Finance.
- ↑ "Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff". AP News. 25 November 2025. Retrieved 25 November 2025.
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