Barrick Gold Faces Mounting Pressure in Mali Mining Dispute

The ongoing confrontation between Barrick Gold and Mali’s government has intensified significantly, creating substantial uncertainty for one of the world’s leading gold producers. Central to the conflict is Mali’s 2023 mining legislation, which threatens the company’s control over critical gold mining operations within the country.

Barrick has initiated arbitration proceedings through the World Bank’s ICSID, alleging violations of investment protection agreements. However, the company recently encountered a significant procedural obstacle. Its request for an expedited hearing was formally denied, pushing the prospect of a swift resolution further into the future.

The core issue stems from Mali’s revised mining code, which mandates increased tax revenues Read more...