mali

Africa’s Third-Largest Gold Producer Launches ‘Special Task Force’ to Curb Illegal Mining

Mali has created a special law-enforcement unit to crack down on illegal gold mining as the government moves to strengthen control over one of its most important industries.

Key Facts

Mali, Africa’s third-largest gold producer, has launched a specialized unit called the “Brigade spéciale des mines.

The task force has judicial powers to inspect mines, enforce regulations, and fight illegal mining operations across the country.

Authorities say illegal mining and gold trafficking by both local and foreign operators remain major challenges for the sector.

Expert Insight
Illegal mining often leads to gold smuggling, environmental damage, and loss of government revenue, pushing Mali to tighten oversight of its mining industry as global gold prices remain high.

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📊 IMF Sees Mali’s Economy Rebounding in 2026 After Barrick Deal Boosts Gold Output

The International Monetary Fund (IMF) now expects Mali’s economy to begin recovering in 2026, driven in large part by increased gold production after a settlement with mining giant Barrick Mining brought production back online.

📈 Economic turnaround forecast: The IMF projects an economic rebound in 2026 following recent challenges, including lower gold output and security-related disruptions.

⛏️ Gold output rises: Barrick has resumed operational control of its key Loulo-Gounkoto gold mine after resolving a long-running dispute with Mali’s government.

🇲🇱 Importance of mining sector: Gold remains a cornerstone of Mali’s economy and export revenue, making the resumption of mining activity critical to growth prospects.

Economic rebounds in resource-dependent nations often hinge on stable mining operations and investor confidence. With Barrick’s mine back in production and gold output picking up, Mali could see wider growth, improved fiscal metrics, and stronger investment flows in 2026 — but risks from security and governance remain.

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🟡 Exclusive: Mali Returns 3 Tons of Seized Gold to Barrick

A Malian court has ordered the return of 3 metric tons of gold — valued at about $400 million — to Barrick Mining following a two-year dispute, marking a major de-escalation in tensions and clearing the way for resumed operations.

• Mali’s judge ruled to return the gold previously seized from the Loulo-Gounkoto mining complex.

• The two sides reached a settlement worth $430 million, under which Barrick will regain control of the mine and pay the agreed amount.

• Four Barrick employees held since late 2024 have been released, and an international arbitration has been dropped.

Restoring access to seized gold is a key milestone that could help stabilize Barrick’s position in West Africa and support broader gold market confidence.

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🇲🇱Mali GDP (2025)

IMF (2025)

Nominal (current) Gross Domestic Product (GDP) of Mali is $25.59 billion ($25,591,000,000) as of 2025, according to the International Monetary Fund (IMF).The GDP growth rate in 2025 is 5.0%, according to the International Monetary Fund (IMF).GDP per Capita in Mali (with a population of 25,198,821 people) is $1,014 in 2025, an increase of $83 from $930 in 2024; this represents a change of 9.0% in GDP per capita.

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Barrick Gold Restarts Operations at Major African Gold Mine After Settlement

Canadian miner Barrick Gold has officially regained control of the Loulo‑Gounkoto gold complex in Mali after resolving a two‑year dispute with the military‑led government.

• Barrick resumed operational control of the Loulo‑Gounkoto mine following a $430 million settlement with Mali, ending regulatory and revenue disputes.

• The settlement includes the return of confiscated gold and release of detained employees, and production is restarting gradually with safety and training prioritized.

• Loulo‑Gounkoto, one of Africa’s largest gold mines, produced over 720,000 ounces in 2024, making it a key asset for Barrick and Mali’s export economy.

“This resolution removes a major geopolitical risk for Barrick and stabilizes one of its most productive African assets, potentially boosting gold supply confidence for investors.”

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