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,

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.

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.

A landslide has engulfed a group of mainly women gold miners in Mali, killing several of them. In a statement broadcast on Mali’s national television, Koulikoro’s governor, Col.

Mamou Toure and Samba Toure, key members of the government's negotiating team, both used to work in Mali for Randgold, a mining company that is now part of Barrick.

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.

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 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.