Mali signs seven new mining deals under revised code but not with Barrick

[Gold nuggets against black background]
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Mali's government has approved [https://www.reuters.com/world/africa/mali-announces-more-new-mining-deals-under-revised-code-2025-09-22/] seven new agreements with international and local mining companies under its revised mining code intended to extract more revenue from the sector, Reuters reported Tuesday.

Mali's military government introduced a new mining code in 2023, increasing royalties to 10% from 6.5% while expanding state and local ownership of mines to at least 35% from 20%.

The Council of Ministers reportedly approved the exploitation and exploration agreements at its meeting on Friday, giving the government a guaranteed, non-reducible stake in mining projects with priority access to dividends.

The agreements cover major gold projects, including the Sadiola mine operated by Allied Gold (AAUC [https://seekingalpha.com/symbol/AAUC]), B2Gold's (NYSE:BTG [https://seekingalpha.com/symbol/BTG]) Fekola mine, Resolute Mining's (OTCPK:RMGGF [https://seekingalpha.com/symbol/RMGGF]) Syama site, and Ganfeng's (OTCPK:GNENY [https://seekingalpha.com/symbol/GNENY]) Goulamina lithium project.

The deals follow preliminary agreements signed with the same companies late last year, while Endeavour Mining (OTCQX:EDVMF [https://seekingalpha.com/symbol/EDVMF]) and other gold producers previously signed agreements reflecting the terms of Mali's revised mining code.

However, Barrick Gold (NYSE:B [https://seekingalpha.com/symbol/B]) remains locked in its long-running legal dispute with the Mali government, launched in January when the company suspended operations at its Loulo-Gounkoto complex after authorities seized gold stocks stored onsite.

Barrick (NYSE:B [https://seekingalpha.com/symbol/B]) shares +0.3% in Tuesday's trading, extending its highest levels in nearly 13 years [https://seekingalpha.com/news/4497271-barrick-rallies-to-multiyear-highs-as-analysts-cite-nevada-exploration-opportunity].

Mali is one of Africa's top gold producers, but growing regulatory uncertainty has hurt investor sentiment and cut into gold output.

MORE ON BARRICK MINING AND B2GOLD

* Barrick Mining Presents at Mining Forum Americas 2025 - Slideshow [https://seekingalpha.com/article/4823535-barrick-mining-corporation-abx-ca-presents-at-mining-forum-americas-2025-slideshow]
* Barrick Mining: Still Trading At A Discount [https://seekingalpha.com/article/4819270-barrick-mining-still-trading-discount]
* B2Gold: Key Developments With Goose And Fekola To Drive Growth [https://seekingalpha.com/article/4824677-b2gold-key-developments-with-goose-and-fekola-to-drive-growth]