Barrick Gold Corp. Chief Executive Officer Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected.

A new mining law in Mali that raises taxes and seeks to hand over big stakes in assets to the state and local investors will need to be loosened up if gold companies are to invest in new projects there,

Mali's new new mining law that raises taxes and seeks to hand over large stakes in assets to the state must be reviewed before gold companies invest in new projects there.

The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American CEO Duncan Wanblad.

"Mali’s new mining law needs review to attract investment, CEOs say" was originally created and published by Mining Technology, a GlobalData owned brand.

Barrick Gold CEO Mark Bristow said the company is "making progress" in its dispute with Mali's government, but the advances have not come as fast as expected.

Mali's military-led government is in a complex negotiation with Barrick Gold over $199 million in back taxes. With influential negotiators Mamou and Samba Toure, Mali has demanded payment before returning seized gold and releasing detained executives.

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

Barrick and Mali’s military rulers are locked in a standoff over the distribution of revenue from the Loulo-Gounkoto mine complex.

Mali's government and Barrick Gold will engage in negotiations over tax disputes and gold seizure. The discussions follow allegations of unpaid taxes and government confiscation of gold stocks. The 2023 mining code revision is central to the talks,