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The Loulo-Gounkoto 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]
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]
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.
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