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 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.

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

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.

Barrick Gold Corp. closed C$6.52 below its 52-week high of C$29.50, which the company achieved on October 21st.