Mali’s military government has seized three tons of gold from Canadian mining giant Corp. (TSX: ABX) in a move escalating an ongoing revenue dispute. The seizure, valued at

Mali's military government has started seizing gold stocks of the Canadian mining company Barrick as part of a legal battle over the share of revenue owed to the West African state, according to an internal Barrick letter seen by The Associated Press.

Mali's military government has seized three tonnes of gold from Barrick amid a legal dispute over revenue sharing, valued at USD 180 million.

Canada’s Barrick Gold has suspended operations in Mali after the government seized gold from the company in an escalation of a dispute between the military junta and international mining groups. The Toronto and New York-listed company said in a statement that it had “regrettably initiated the temporary suspension of operations” at its Loulo-Gounkoto mining complex in the west African country.

Mali’s military junta started executing an interim order to seize gold at a mine run by Barrick Gold Corp., escalating a dispute over the West African government’s share of revenues from the project.