Barrick Gold Corp. and Mali are set to resume talks on resolving a monthslong dispute over the distribution of revenue from one of the world’s biggest gold mines.

The negotiations will focus on Mali's demand for $199m (CFA Fr125.15bn), compliance with the new mining code and the release of the seized gold.

Mali's government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its gold stocks by authorities in the country,

Barrick Gold Corporation has halted its operations in Mali after the government seized gold stocks worth $245 million Cdn from the company's Loulo-Gounkoto complex.

Mali's government and Barrick Gold are set for negotiations to resolve a dispute over claimed unpaid taxes and the seizure of gold. The new mining code and hefty tax demands are at the heart of the issue.

Mali's military government is holding gold seized from Barrick Gold's Loulo-Gounkoto mine site at state-owned Banque Malienne de Solidarite (BMS), two sources said, as the miner pursues plans to suspend its operations in the country.

Barrick Gold in negotiations with Mali over tax dispute and gold seizure at the company's Loulo-Gounkoto complex.

"Barrick Gold suspends operations in Mali after $245m gold seizure" was originally created and published by Mining Technology, a GlobalData owned brand.

Mali's government and Barrick Gold are set to engage in new negotiations to address a dispute over alleged tax non-payment by the miner and the consequent seizure of its gold stocks. The situation has led to the temporary suspension of Barrick's operations in Mali.