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.

The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American CEO Duncan Wanblad.

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.

Terry Holohan is leaving the gold miner after taking time away following his release by Mali’s ruling military junta.

Mali's government and Barrick Gold are set for negotiations to resolve a dispute over claimed unpaid taxes and the seizure of gold. The new mining code and hefty tax demands are at the heart of the issue.