Investing.com -- The ongoing negotiations between the government of Mali and Canada's Barrick Gold Corp. (NYSE: GOLD ) over payments from the nation's largest gold mine have been put on hold, according to Bloomberg report on Tuesday. The dispute revolves around Barrick's Loulo-Gounkoto complex. Mali's government has demanded a settlement payment of 125 billion CFA francs ($197 million) from the Canadian mining company. In addition, Mali is urging Barrick to comply with a new mining code that was implemented in 2023, as per three individuals involved in the government's negotiations. The government of Mali is seeking a lump-sum payment, while Barrick is proposing a staggered payment plan over an unspecified duration, according to one source. The new mining legislation could potentially lead to Mali gaining larger stakes and royalties in the Loulo-Gounkoto complex.