About 3 metric tons of gold seized from Canadian miner Barrick Gold's Loulo-Gounkoto mining complex in Mali is now being held at state-owned Banque Malienne de Solidarite (BMS), two sources told Reuters.

Malian authorities have confiscated about 3 metric tons of gold from Barrick Gold's Loulo-Gounkoto mining site due to an ongoing dispute. The gold, valued at $245 million, is now held at Banque Malienne de Solidarite.

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.