Barrick Mining announced on Monday that it has reached a comprehensive agreement with the government of Mali to settle all outstanding disagreements related to the Loulo-Gounkoto gold mining complex, one of the country’s most significant sources of mineral revenue.
The company said the deal brings an end to a period of strained relations that included disagreements over taxes, ownership arrangements and operational responsibilities at the site. While specific terms of the settlement were not immediately disclosed, both parties signaled that the agreement is intended to stabilize operations and strengthen future cooperation.
The Loulo-Gounkoto complex, located in western Mali near the border with Senegal, represents a key economic asset for the country. It is jointly operated with the Malian state and has been a major contributor to national exports and employment. Mali is Africa’s third-largest gold producer, making disputes between the government and mining companies closely watched by international investors.
Barrick emphasized that the agreement reflects a renewed commitment to maintaining productive relations with the government. “Resolving these issues clears the way for long-term planning and continued investment in Mali’s mining sector,” the company said in a statement.
Mali’s authorities have been working to solidify agreements with major mining partners in recent years, amid broader reforms aimed at increasing state revenues while preserving investor confidence. The latest settlement is expected to support stability in the country’s mining industry at a time when global gold prices remain high.
Further details about the implementation of the agreement are expected to be released in the coming weeks.
Source:Africa Publicity
