DAKAR/TORONTO, Sept 10 (Reuters) - A senior Barrick
Mining ( B ) executive who had been representing the company
in tense negotiations with Mali's government has switched sides
to become an adviser to Mali's president, a mines ministry
official told Reuters on Wednesday.
Hilaire Diarra was general manager of Barrick's Tongon Gold
Mine in Ivory Coast before he was named special counsellor to
Mali's president in a decree signed in late August and seen by
Reuters this week.
The mines ministry official confirmed the document's
authenticity on Wednesday.
The move represents a further blow to the Canadian mining
company's efforts to negotiate for control of its Loulo-Gounkoto
gold mining complex, one of the most high-profile examples of
resource nationalism among West African military governments
seeking greater control over their gold and uranium wealth.
Diarra and a Barrick spokesperson did not respond
immediately to requests for comment.
Mali's government has been negotiating with Barrick since
2023 over the implementation of a new mining code that raises
taxes and gives the government a greater share of its gold
mines. It has previously enlisted former senior Barrick
executives to try to outmanoeuvre the company.
A Malian court-appointed provisional administrator took
control of the Loulo-Gounkoto site in June, six months after
Barrick suspended operations there when negotiations
reached an impasse. Former Barrick executive Samba Toure is now
a member of the provisional administration running operations at
the complex.
Loulo-Gounkoto produced 578,000 ounces of gold in 2024,
Barrick's financial statements show. Since the provisional
administrator took control, it has sold 1 metric ton of gold, or
about 35,274 ounces. Current production levels are about 25% of
normal output, said a source close to the matter.
Diarra, a Malian citizen who began his career at the Loulo
mine, had flown to Bamako from Ivory Coast this year to
negotiate on behalf of the Canadian miner, the same source and
two other people said.