BARRICK Gold was “making progress” in its dispute with Mali following recent allegations about unpaid tax, but not as quickly as expected, said Bloomberg News. “Mali has got itself in a position where it is really trying to shake out some short-term cash out of the industry,

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.

Two former company executives with inside knowledge of Barrick Gold's operations in West Africa are helping to drive Mali's demands for a payment of around $200 million from the Canadian miner, according to people familiar with the talks.

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.

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.