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Mali Takes Control of Canadian-Owned Barrick Gold Mine over Tax Dispute
- On Monday, a Mali court placed Barrick Mining's Loulo-Gounkoto gold complex under six-month provisional administration in Bamako, Mali.
- The decision follows escalating conflict over alleged unpaid taxes and disputed contracts between Barrick and Mali's military government, which took power in 2020.
- The court appointed former health minister Zoumana Makadji to manage operations and reopen the mine, which had been suspended since January amid export blockades and gold seizures.
- Barrick said it retains legal ownership, transferred operational control to Makadji, and confirmed ICSID arbitration is underway to prevent further escalation and protect its rights.
- The ruling reflects rising tensions risking Mali’s economic credibility despite Barrick’s ongoing efforts to negotiate a mutually acceptable resolution.
97 Articles
97 Articles
Gold mining companies in Ghana, Ivory Coast resist tax hikes: sources
Gold miners operating in Ghana and Ivory Coast are refusing to comply with tax increases imposed this year, saying the new regulations flout their existing licence agreements, industry sources told Reuters.
Mali to take over Canadian-owned Barrick Gold mine over tax dispute
A Malian court has ordered Barrick Golds Loulo-Gounkoto gold mining complex to be placed under provisional administration for six months, as tensions escalate between the Canadian mining giant and Malis military-led government over alleged unpaid taxes.
Mali Court Puts Barrick Gold Mine Under Six Months State Control
A Malian court ruled that Barrick Mining Corp.’s Loulo-Gounkoto gold mining complex should be placed under provisional administration for six months, handing control of one of the Canadian company’s biggest operations to state-appointed management.
Anadolu Ajansı
poandpo.comMalian government takes over Canadian-owned Barrick Gold mine
Loulo-Gounkoto gold complex placed under 6-month provisional administration, with former Health Minister Zoumana Makadji appointed as accountant and administrator - Anadolu Ajansı
Mali reformed its mining code in 2024 and demanded hundreds of millions of dollars in tax arrears from Barrick.
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