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World Bank arbitration body rejects Barrick expedition request in Mali case, sources say
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World Bank arbitration body rejects Barrick expedition request in Mali case, sources say
Oct 31, 2025 12:14 PM

DAKAR/TORONTO, Oct 31 (Reuters) - A request by Barrick

Mining ( B ) to expedite its international arbitration case

against Mali has been rejected, two people familiar with the

matter told Reuters on Friday.

The West African country's government has been in fraught

negotiations 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.

Barrick launched arbitration proceedings with the World

Bank's arbitration court, known as ICSID, in December 2024.

It had wanted ICSID to urgently address issues including the

ongoing detention of four of its staff members, the appointment

of a provisional administrator to operate the Loulo-Gounkoto

complex after Barrick had suspended operations amid the dispute,

and the expiration of the Loulo mine's license in 2026.

The request was rejected this week, the two sources said.

ICSID said on its website that it had issued an order

concerning "provisional measures" on Wednesday, without giving

further detail.

Barrick declined to comment on the situation. ICSID and the

Malian mines ministry did not respond to requests for comment.

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