Southern regions of Mali–Sikasso, Koulikoro, and Kayes– are located in the heart of the Sahel and produce most of Mali’s gold. [13] Compared to other gold producers in the region and in Africa more broadly, gold in Mali is particularly cheap to extract and profitable for companies. [14]

Aug 23, 2024 · According to GlobalData, Mali is the world’s sixteenth-largest producer of gold in 2023, with output down by 2.68% on 2022. Over the five years to 2022, production from Mali increased by a CAGR of 2% and is expected to rise by a CAGR of 3% between 2023 and 2027.

2 days ago · Governments in Mali, Burkina Faso and Niger — all led by juntas — are all seeking to renegotiate new terms with gold miners to gain a bigger share of mining revenue at a time when gold prices have hit record highs. The dispute between Mali and Barrick is over the country’s new mining code that came into effect in 2023.

2 days ago · Gold mining accounts for a quarter of Mali’s national budget and about 14 per cent of Burkina Faso’s revenue. Mali’s junta claims it has recovered more than $1 billion through contract negotiations and expects annual revenues from the sector to rise by nearly $950 million—about 20 per cent of the national budget.

3 days ago · Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.

Jan 24, 2024 · An official in Mali says that more than 70 people have been killed after an unregulated gold mine collapsed late last week. A search continues amid fears the toll could rise.

Jan 15, 2025 · Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner...

Dec 17, 2024 · Last month, Mali’s government detained three executives involved in the gold sector from Resolute Mining, an Australian mining company. It demanded the company pay the $160m in taxes it owed...

Jun 6, 2024 · Gold dominates Mali’s natural resource sector, and Mali is at least the fourth largest gold producer in Africa, with some reports placing it third. Gold is by far Mali’s most important export, comprising more than 80 percent of total exports in 2023.

2 days ago · The standoff compelled Barrick to halt operations at its Loulo-Gounkoto mine in Mali as the government seized gold stockpiles and issued an arrest warrant for chief executive Mark Bristow. While the West African nation’s military junta has yet to disclose exactly what it’s demanding from Barrick, the Canadian company has offered to pay ...