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.