The Loulo Renewal: Stabilizing Mali’s Gold Frontier
GoldBank Insider by Gold Bank
Episode notes
Welcome back to Gold Bank Insider. Today we’re covering Mali’s decision to renew Barrick Mining’s Loulo gold permit for another 10 years and why this matters to UK investors watching geopolitical risk, supply stability, and gold-linked equities.
Main news
Mali’s government approved a draft decree renewing Barrick Mining’s permit for the Loulo gold mine for an additional 10 years, following the resolution of a 2-year dispute over profit-sharing and operational control at the Loulo-Gounkoto complex.
As part of the settlement framework referenced:
Barrick agreed to withdraw its arbitration case at the World Bank’s dispute tribunal.
Mali said it would drop charges against Barrick and its affiliates, release employees, and restore operational control of the complex to Barrick.
A feasibility stud ...