11:49 AM EDT, 06/16/2025 (MT Newswires) -- Barrick Mining ( B ) said Monday that arbitration at the International Centre for Settlement of Investment Disputes, or ICSID, over its operations in Mali is fully underway.

The company said it has filed a request for provisional measures to prevent further escalation and protect its rights under binding mining conventions with the Malian government.

The process follows a ruling by the Bamako Commercial Tribunal to place Barrick's Loulo-Gounkoto gold mining complex under temporary provisional administration, at the government's request. While Barrick's subsidiaries remain legal owners of the site, operational control has been transferred to an external administrator, the company said.

Barrick added that the government has blocked gold exports and seized gold stocks from its subsidiaries, actions it described as unjustified and which triggered a temporary suspension of operations.

The company said that despite the ICSID process, it remains committed to engaging with the government of Mali to reach a constructive and mutually acceptable solution.

Reuters reported June 11 that Barrick removed the Loulo-Gounkoto complex from its 2025 output outlook. The report said operations at the complex were suspended in January after the government halted exports by Barrick amid a dispute over mining legislation seeking to change a revenue split.

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