French Contractor Withdraws from Mali's Largest Gold Mine, Threatening Over 600 Jobs
A major contractor at Mali's Loulo-Gounkoto gold complex, Gounkoto Mining Services (GMS), is ceasing operations, resulting in the termination of over 600 employees. This decision follows a failure to renew the agreement with Barrick Mining, amid ongoing tensions with the Malian government over taxes and operational control. The Loulo-Gounkoto complex, a significant gold producer, has seen reduced operations, contributing to a 23% drop in Mali's gold output in 2025. Despite these challenges, the complex remains a vital asset for both Barrick and Mali. 
