Barrick Mining Corporation v. Republic of Mali: The Loulo–Gounkoto Mining Complex ICSID Dispute Settled
In November 2025, Barrick Mining Corporation (“Barrick”) and the Government of the Republic of Mali (“Mali”) reached a comprehensive settlement resolving disputes arising from the Loulo and Gounkoto gold mining operations. The agreement concluded nearly two years of escalating conflict marked by regulatory changes, operational disruptions, employee detentions, asset seizures, and the initiation of international arbitration proceedings. Under the settlement, Barrick agreed to pay approximately USD 430 million, equivalent to around 244 billion CFA francs, in exchange for the withdrawal of all arbitration claims and the restoration of its operational position in Mali.